Federal government cuts petrol and diesel prices effective November 13

New rates replace previous costs

The Oil and Gas Regulatory Authority issued a press release confirming the price adjustments on Thursday. Petrol prices fall from Rs335 to Rs332 per litre under the new mechanism. High-speed diesel drops from Rs364 to Rs360 per litre for consumers nationwide. These revised ex-depot prices replace the rates that were applicable since November 12.

Context of ongoing relief measures

This move marks the eighth consecutive cut in fuel costs for Pakistani households. The government continues to collect Rs114 per litre in taxes on petrol and Rs100 on diesel. A thirty-day arrangement announced on November 2 requires refineries to contribute Rs15 billion towards levies. This funding enabled a total reduction of Rs14.71 per litre for petrol buyers previously. The Prime Minister's Fuel Relief Scheme covers motorcycles and vehicles up to 800cc capacity since September 17.

Market trends and usage patterns

International oil prices edged higher on Thursday as Brent crude futures rose to $93.40 per barrel. Fuel costs dropped below the peak of Rs520.35 per litre that was reached during April. Petrol consumption primarily affects private vehicles while diesel serves heavy transport and power plants. Monthly sales estimates range between 700,000 and 800,000 tonnes for both petrol and HSD.