Pakistan government cuts petrol and diesel prices for November 5
The Pakistani federal government reduced petrol and high-speed diesel prices effective Thursday, November 5.
New daily pricing mechanism applies
Petrol will now retail at Rs362 per litre while high-speed diesel costs Rs387.81. This revision follows a new system where prices are reviewed and notified daily instead of weekly. The change replaces the previous weekly pricing mechanism due to global market volatility.
Refineries shoulder monthly fuel burden
Oil refineries agreed to bear a burden of Rs15 billion per month for thirty days. This arrangement allows petrol to be sold cheaper than the global market rate. The government continues to levy taxes on these fuels despite the price cuts.
Previous cuts continue the trend
This reduction marks the third consecutive decrease in fuel prices over recent weeks. A cut for November 4 occurred just a day before this latest adjustment. International oil prices fell below $100 per barrel on Wednesday.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Express Tribune
- Dawn
Reported by
2 independent outlets. Headlines as published. Links open the original report.