Government cuts petrol and diesel prices for October 14
The federal government reduced petrol and high-speed diesel prices effective Wednesday, October 14.
New retail prices announced
Petrol will now cost Rs392.66 per litre after a reduction of Rs2.71. High-speed diesel is set to be sold at Rs396.82 per litre following a cut of 3 paisas. These changes replace the previous daily prices that were in effect for October 13.
Global market factors cited
Officials attribute the revision to movements in international benchmarks and global developments affecting supply. Brent crude futures fell by roughly two percent on Tuesday as traders monitored regional conflicts. The pricing mechanism now reviews rates daily instead of on a weekly basis.
Earlier price adjustments noted
On Monday, the state lowered petrol costs while raising diesel prices slightly for October 13. This latest move follows a shift from weekly to daily pricing announced in July. Relief schemes for motorcycles and small cars remain active under the current administration.
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.