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8h ago

Pakistan Weighs Oct. 16 Fuel Price Cuts, With Petrol Seen Down Rs6.10

Final approval awaits a finance ministry decision following the prime minister's consultation.

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Overview

  • Industry calculations submitted to OGRA propose lowering petrol by Rs6.10 per litre and high-speed diesel by Rs0.97 per litre starting Oct. 16.
  • If implemented, the new pump rates would be Rs262.58 for petrol and Rs275.84 for high-speed diesel.
  • The proposal also seeks reductions of Rs2.75 per litre for kerosene and Rs1.64 per litre for light diesel oil.
  • OGRA is expected to forward its summary to the Petroleum Division today before recommendations go to the Ministry of Finance for sign-off.
  • Current rates valid through Oct. 15 are petrol Rs268.68, HSD Rs276.81, LDO Rs159.76, and kerosene Rs176.81, with the reported cuts still unconfirmed.