Government adjusts fuel prices with petrol hike and diesel cut for Tuesday
The federal government revised fuel costs effective September 22, raising petrol while lowering high-speed diesel rates.
New pricing takes effect today
Petrol prices rose by Rs4.61 per litre to reach Rs393.75. High-speed diesel costs fell by Rs1.96 to settle at Rs422.08 per litre. These changes follow a notification from the Petroleum Division issued on Monday.
Global markets drive the shift
The adjustment responds to global developments including changes in Platts rates and incidentals. Brent crude futures dipped below $100 a barrel before this revision took place. Investors noted a partial recovery in shipments from Saudi Arabia alongside diplomatic hopes.
Previous cuts reversed quickly
Officials had reduced petrol and diesel prices by smaller amounts between September 19 and 21. The new mechanism replaces the weekly system to handle daily volatility in oil markets. This daily review continues as tensions between the United States and Iran persist.
All 3 outlets report consistently
No differences in figures, names or dates across these reports.
- Express Tribune
- Business Recorder
- Dawn
Reported by
3 independent outlets. Headlines as published. Links open the original report.