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Govt cuts petrol price by Rs5.45, diesel's by Rs3.68 per litre
OGRA said the cuts follow a 30-day refinery contribution plan that will trim consumer fuel costs by Rs15 billion.
- Effective Nov 4, OGRA reduced Petrol prices by Rs5 per litre and HSD by Rs3 per litre. Petrol now retails at Rs369, while HSD costs Rs391.
- Amid the ongoing Middle East conflict, the government reintroduced austerity measures, requiring markets to close by 9pm and cutting fuel allocations for official vehicles by 50 per cent.
- Malik Khuda Bakhsh and Anwar Kamal, representing Petroleum dealers, called for a transparent forensic audit of Refinery profits, arguing an audit could provide consumers relief of Rs40 to Rs50 per litre.
- Stating "even better news will come before us," Minister Ali Pervaiz Malik hinted at further price reductions while announcing efforts to introduce a similar fuel pricing system for LPG.
- The government currently levies Rs114 per litre in taxes on Petrol and Rs100 on diesel. Fuel prices had previously surged following the US-Iran conflict that began in Feb.
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
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