Petrol price cut by Rs6.59, HSD’s by Rs4.25

Business Recorder reported that petrol will cost Rs346 per litre after a reduction of Rs6.59, while high-speed diesel (HSD) is now priced at Rs378 per litre, down Rs4.25. The revised rates apply from November 7 through November 10, giving consumers lower pump prices during that period.

OGRA linked the adjustments to global market developments and changes in Platts prices, premiums and incidental costs. The petrol benchmark fell to USD 101.92 per barrel from USD 105.94, while the HSD benchmark declined to USD 104.34 from USD 106.90. Ex-refinery prices also decreased, to Rs249.92 for petrol and Rs269.86 for HSD. The Petroleum Levy of Rs80 per litre and Climate Support Levy of Rs5 per litre remain unchanged for both fuels, as do dealer and oil marketing company margins.