From The Express Tribune · Web Desk · · 1m 10s
Petrol drops by Rs8, diesel by Rs7 for Nov 11
Pakistan's government cuts petrol and diesel prices for Nov 11.
In brief
Pakistan's government cuts petrol and diesel prices for Nov 11. Pakistan's federal government reduced petrol to Rs338 per litre and HSD to Rs371 per litre for November 11 under daily pricing mechanism. Originally reported by The Express Tribune.
Price cut announcement
The federal government slashed petrol by Rs8 per litre and HSD by Rs7 per litre for November 11.
“اوگرا کی جانب سے جاری نوٹیفکیشن کے مطابق پٹرول 8 روپے فی لیٹر سستا کر دیا گیا جبکہ ڈیزل 7 روپے فی لیٹر سستا کر دیا گیا۔ پٹرول کی نئی قیمت 338 روپے فی لیٹر اور ڈیزل کی نئی قیمت 371.00 روپے فی لیٹر مقرر کر دی گئی ہے。”
New pricing mechanism
Petrol price fixed at Rs338 per litre, HSD at Rs371 per litre for Wednesday.
Previous price cuts
Government slashed petrol by Rs6.59 per litre and HSD by Rs4.25 per litre from November 7 to November 10.
Oil burden announcement
Government announced oil refineries would bear Rs15 billion monthly burden to sell petrol Rs15 cheaper.
New pricing mechanism implementation
Government introduced daily pricing mechanism on July 17 to replace weekly pricing due to oil market volatility.
Motorcycle fuel relief scheme
Prime Minister Shehbaz Sharif offered Rs100 per litre off petrol for motorcycles and small vehicles.
Relief scheme coverage
11.8 million beneficiaries covered, including 10 million two-wheeler users and 800,000 three-wheeler users.
What it means
Pakistan's federal government reduced petrol to Rs338 per litre and HSD to Rs371 per litre for November 11 under daily pricing mechanism.
