Pakistan Lowers Petrol and Diesel Prices Amid Crude Decline

The Government of Pakistan is preparing to lower domestic petrol and diesel prices on November 11, responding to a decline in international WTI and Brent crude oil rates. Petrol prices are projected to drop by Rs8 per litre, moving from Rs346 to Rs338, while high-speed diesel is expected to decrease by Rs7 per litre, falling from Rs378 to Rs371.

These adjustments continue a downward trend that began on October 31, during which petrol prices have already declined by Rs31.91 per litre. The revised rates will remain effective for one day under the current daily fuel pricing mechanism.

The Oil and Gas Regulatory Authority is expected to issue an official notification on Tuesday night to confirm the new pricing.