Government cuts petrol and diesel prices for October 20

New rates take effect Tuesday

Petrol will retail at Rs381.14 per litre while high-speed diesel will cost Rs389.27 per litre. The Oil and Gas Regulatory Authority revised these ex-depot prices based on the daily pricing mechanism. These adjustments follow global market movements including changes in Platts rates and premiums.

Previous price changes noted

On Monday the government had lowered petrol by Rs3.93 per litre while keeping diesel unchanged until October 19. On Tuesday a separate notification increased petrol by 88 paisas and diesel by 53 paisas for October 21.

Relief scheme details remain

Prime Minister Shehbaz Sharif announced a relief scheme on September 13 offering Rs100 per litre off petrol for specific vehicle categories. This proposal covers an estimated 11.8 million beneficiaries including two-wheeler and three-wheeler users.