Petrol price cut by Rs7.06, diesel by Rs3.71 for November 5

Petrol will cost Rs362.00 per litre and high-speed diesel (HSD) Rs387.81 from November 5, after the federal government lowered their prices by Rs7.06 and Rs3.71 respectively. Profit by Pakistan Today reported that OGRA issued the revised rates on Wednesday under the government’s petroleum pricing mechanism.

The changes follow reductions a day earlier, leaving petrol down by a combined Rs12.51 per litre and diesel by Rs7.39 across the two adjustments. International crude also fell on Wednesday: Brent declined by $1.75 to $101.85 per barrel, while US West Texas Intermediate lost $1.18 to $94.91.

The report says cheaper petrol offers some relief to motorists and households, while the diesel cut could reduce costs for transport operators, agricultural users and businesses using diesel-powered machinery. Future local prices will be determined through the pricing mechanism and will depend on movements in international markets.