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Petrol Drops by Rs3, Diesel by Rs7 for Nov 12
The reduction follows a series of daily cuts as the government seeks to pass on lower global oil prices to consumers.
- On Tuesday, the federal government slashed petrol prices by Rs8 per litre and high-speed diesel by Rs7 per litre, effective Wednesday, November 11. New rates are set at Rs338 per litre for petrol and Rs371 per litre for HSD.
- Market volatility amid the US-Israeli conflict with Iran prompted the adjustment, as refineries absorb a Rs15 billion monthly burden to keep domestic fuel costs below global market levels.
- Petroleum dealers, including Malik Khuda Bakhsh and Anwar Kamal, are demanding a forensic audit of refinery financial records. They claim a transparent review could reveal scope to reduce prices by an additional Rs50 per litre.
- To conserve fuel, the Cabinet Division enforced a 9pm closing time for shops, markets, and bazaars throughout the week. Takeaway and home delivery services remain exempt from these timing restrictions.
- Prime Minister Shehbaz Sharif introduced a relief scheme offering Rs100 per litre off petrol for motorcycle and three-wheeler users, covering an estimated 11.8 million beneficiaries to shield lower-income consumers.
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Pakistan Today
Pakistan TodayGovt cuts petrol price by Rs6.59, diesel by Rs4.25 per litre
The federal government reduced the price of petrol by Rs6.59 per litre to Rs346 and high-speed diesel (HSD) by Rs4.25 per litre to Rs378, effective November 7, 2026. According to a press release issued by the Oil and Gas Regulatory Authority (OGRA) on Friday, the regulator revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. Petrol was previously priced at Rs352.59 per litre, while diesel …
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Total News Sources17
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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