Govt cuts petrol by Rs3.63, increases diesel by 31 paisas for Oct 16
The Pakistani government has adjusted fuel prices, decreasing petrol by Rs3.63 while increasing diesel by 31 paisas per litre. This follows a new daily pricing mechanism implemented to manage volatility in global oil markets.
Why it matters
Frequent fuel price adjustments directly impact the cost of living and inflation for the Pakistani public.
--> Home Pakistan Govt cuts petrol by Rs3.63, increases diesel by 31 paisas for Oct 16 Petrol price decreases to Rs390.23 per litre, while HSD will cost Rs396.96 under daily price mechanism
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Petrol rush. Photo: file The federal government on Thursday decreased the price of petrol by Rs3.63 per litre, while increasing the price of high-speed diesel (HSD) by 31 paisas per litre for October 16.
According to a notification issued by the Petroleum Division, the price of petrol was fixed at Rs390.23 per litre, while HSD would cost Rs396.96 per litre for Friday.
The latest revision comes a day after the government increased the price of petrol by Rs1.2 per litre, while decreasing the price of HSD by 17 paisas per litre for October 15.
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