The Oil & Gas Regulatory Authority (OGRA) on Tuesday changed the petrol and diesel prices, with the new rates taking effect from Wednesday, November 4.
What are the petrol and diesel prices in Pakistan today?
The price of petrol was decreased by Rs5.45, and the price of diesel was increased by Rs3.68. A notification has been issued in this regard as well.
The price of petrol has been set at Rs369.6 per litre, and the price of diesel has been set at Rs395.20 per litre. These prices have been changed for the next 24 hours.
Yesterday, OGRA reduced the prices of petrol and high-speed diesel, according to an official notification issued by the Petroleum Division.
Effective November 3, the price of petrol was cut by Rs3.40 per litre to Rs374.51. High-speed diesel became cheaper by Rs7.76 per litre, bringing its price to Rs395.20.
Petroleum minister hints at possible petrol price relief
Pakistan’s Petroleum Minister Ali Pervaiz Malik has expressed hope that people may receive good news about petrol prices today.
Speaking at a press conference with Information Minister Attaullah Tarar, he said international oil prices remained low.
The petroleum minister also said the government is taking steps to control high LPG prices and stop sellers from making extra profits.
He said the Prime Minister has directed officials to protect people from rising costs. He added that some sellers were taking advantage of the public by charging high prices for LPG.
How will the government ensure gas supplies?
Ali Pervaiz Malik said the government is working to ensure a steady gas supply across the country during December and January.
He said Pakistan uses around 2.4 million tonnes of LPG every year. More than half of the country’s LPG supply comes from imports.
The minister also said the Prime Minister held a meeting on energy issues today.
He added that the government is preparing a new energy security plan. He said Pakistan did not have proper LPG storage facilities in the past and the government is now working to address this issue.
