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9h ago

Pakistan Poised to Cut Petrol by Rs6.10 Per Litre on Oct. 16

Final rates will follow a finance ministry review informed by global price feeds plus currency movements.

Petrol prices expected to decrease in Pakistan from October 16
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Overview

  • Industry calculations sent to OGRA point to petrol at Rs262.58 per litre and high-speed diesel at Rs275.84, with smaller cuts for kerosene and light diesel, pending approval.
  • If cleared, revised pump prices would take effect nationwide from midnight on October 16 after an announcement expected on October 15.
  • Current rates valid through October 15 stand at Rs268.68 for petrol, Rs276.81 for high-speed diesel, Rs176.81 for kerosene, and Rs159.76 for light diesel.
  • The process runs from OGRA’s summary to the Petroleum Division and then the finance ministry, with consultation with the prime minister preceding the final decision.
  • Expected relief reflects softer international crude and a steady rupee, with retail prices shaped by import premiums ($6.62/barrel petrol; $3.20 diesel), levies near Rs80 per litre, and IFEM of roughly Rs8.69 for petrol and Rs6.19 for diesel.