Despite the opportunity to reduce petrol and high-speed diesel (HSD) prices, the caretaker government has opted to keep them unchanged until November 15. This means that both petrol and HSD will continue to be priced at Rs. 283.38 per liter and Rs. 303.18 per liter, respectively.
In the previous fortnightly review of petroleum prices, the interim government had taken a different approach, cutting the price of petrol by Rs. 40 per liter and the price of high-speed diesel by Rs. 15. However, the government did choose to reduce the prices of kerosene and light diesel oil. The price of kerosene was lowered by Rs. 3.82 to Rs. 211.03 per liter, while the price of light diesel oil saw a decrease of Rs. 3.40, bringing it to Rs. 184.46 per liter.
Recalling the recent price fluctuations, it’s worth noting that between August 15 and September 15, petrol and high-speed diesel prices had soared by Rs. 58.43 and Rs. 55.83 per liter, respectively, reaching a historic high of Rs. 331-333 per liter at retail until September 30. Subsequently, due to a significant recovery of the Pakistani Rupee (PKR) from below 300 to above 278, fuel and diesel rates were reduced by Rs. 52 and Rs. 26 per liter, respectively, on the 1st and 15th of October.
There were much remours in the market caretaker govt si going to reduce the petrol and disel prices from the 1st of Nov.