Overview
- A Finance Division notification lifts petrol by Rs 2.43 per liter to Rs 265.45 and high-speed diesel by Rs 3.02 to Rs 278.44.
- The revised rates take effect from midnight on November 1 and remain in place through November 15 under the regular two-week cycle.
- Pricing is set after OGRA evaluates international fuel markets and exchange-rate movements before the government issues final rates.
- Analysts caution that persistent strength in global oil benchmarks and pressure on the rupee could lead to further near-term increases.
- Higher fuel costs are expected to raise transportation expenses and push up prices of essential goods, adding to inflation pressures.