Petrol price cut by Rs3.40, HSD’s by Rs7.76

Petrol and high-speed diesel prices in Pakistan fell from November 3, after OGRA notified lower rates, Business Recorder reported. Petrol is now priced at Rs374.51 per litre, down Rs3.40, while HSD costs Rs395.20 per litre following a Rs7.76 reduction. The previous HSD rate was Rs402.96 per litre.

The report linked the HSD adjustment to a lower international crack spread, which moved from USD 41.89 to USD 38.00 per barrel. Petrol’s international benchmark also declined, from USD 120.56 to USD 118.62 per barrel, while its premium including freight stood at USD 25.52 per barrel. The Petroleum Levy remains Rs80 per litre for both fuels, and the Climate Support Levy is unchanged at Rs5 per litre; dealer and oil marketing company margins also remain fixed.