Government reduces petrol and diesel prices effective October 20
The federal government lowered petrol and high-speed diesel retail prices in Pakistan starting Tuesday, October 20.
New rates for fuel products
Petrol prices fell by Rs5.16 per litre to reach Rs381.14. High-speed diesel costs dropped by Rs7.69 per litre to settle at Rs389.27. These adjustments follow a previous reduction in petrol made on Friday.
Reasons for price changes
Officials attribute the cuts to global market movements and shifts in Platts rates. The Oil and Gas Regulatory Authority revised ex-depot prices according to the federal pricing mechanism.
Context of recent volatility
Diesel prices had previously risen after conflicts began between Iran and the United States. Brent crude futures recently fell following a week of multi-month highs in global markets.
All 3 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
- Associated Press of Pakistan
Reported by
3 independent outlets. Headlines as published. Links open the original report.