Fuel prices slashed once again; high-speed diesel cut by Rs7 per litre, petrol by Rs3

The government has lowered petrol by Rs3 per litre and high-speed diesel (HSD) by Rs7, with the revised rates taking effect on Nov 12. Dawn reported that petrol will now cost Rs335 per litre and HSD Rs364, following an Oil and Gas Regulatory Authority (Ogra) notification.

Fuel taxes and duties remain Rs114 per litre for petrol and Rs100 for diesel. A temporary arrangement announced on Nov 2 requires oil refineries to absorb a combined Rs15 billion contribution to the petroleum levy over 30 days, enabling a Rs14.71 reduction in the petrol price paid by consumers. The government also continues targeted assistance for motorcycles, rickshaws and vehicles with engines up to 800cc, while diesel costs remain relevant to heavy transport, power plants and large generators.