Petrol price slashed by Rs5.45, HSD’s by Rs3.68

Business Recorder reported that petrol prices fell by Rs5.45 per litre and High-Speed Diesel (HSD) by Rs3.68, with the new rates taking effect on November 4. Petrol now costs Rs369.06 per litre, while HSD is priced at Rs391.52, down from Rs395.20.

The government said refineries will absorb a combined Rs15 billion contribution towards the petroleum levy over a 30-day pricing period. OGRA also cited lower international benchmark prices: petrol declined to USD 115.49 per barrel from USD 118.62, and HSD to USD 112.20 from USD 114.31. The Petroleum Levy remains Rs80 per litre for both fuels, while dealer and oil marketing company margins are unchanged.

The price adjustments matter to consumers and businesses using petrol and diesel, as well as the oil marketing and refining sectors affected by fuel pricing and the refinery contribution.