Web desk: Petrol prices for November in Pakistan are likely to increase, as the Oil and Gas Regulatory Authority (OGRA) has prepared a summary in this regard.
According to details, petrol prices may rise for the next fortnight in November due to uncertainty in the global oil market.
Sources said OGRA has finalised a summary proposing new petroleum prices. Which will be sent to the Finance Minister on October 31.
After the Prime Minister’s approval, the Finance Minister will announce the revised prices for the period from November 1 to November 15.
At present, petrol in Pakistan costs Rs 263.02 per litre, while high-speed diesel is priced at Rs 275.42 per litre.
The price of light diesel is Rs 159.76 per litre, and kerosene costs Rs 176.81 per litre.
Expected Petrol Prices for November
As per reports, the price of petrol may increase by Rs 2.35 per litre, making it Rs 265.37 per litre.
Similarly, high-speed diesel may see a rise of Rs 2.50 per litre, setting the new price at Rs 277.92 per litre.
Meanwhile, global oil prices have fallen for the third consecutive day. Brent crude dropped by 7 cents to $64.33 per barrel. West Texas Intermediate (WTI) also decreased by 7 cents to $60.08 per barrel.
Analysts say sanctions on Russia and reports of a possible increase in OPEC+ production have created uncertainty in the international oil market.
Pakistan Receives First US Crude Oil Shipment
Pakistan has achieved a major milestone by receiving its first shipment of crude oil from the United States. Which arrived at Cnergyico’s offshore terminal in Balochistan. The cargo was transported by the Suezmax vessel MT Pegasus.
Earlier this month, reports stated that Cnergyico planned to import one million barrels of oil from Vitol.
Usama Qureshi, Vice Chairman of Cnergyico Pakistan Limited, said this first shipment marks an important step for Pakistan’s energy sector.
He added that two more shipments are scheduled, one in mid-November and another in January 2026.
Together, these three shipments are expected to improve Pakistan’s trade balance with the United States by about $200 million.
Qureshi highlighted that the Single Point Mooring (SPM) facility, Pakistan’s only offshore crude handling terminal, allows large vessels to dock easily, cuts logistics costs, and boosts refinery efficiency.
He said these imports will diversify Pakistan’s crude supply, strengthen trade relations with the US. And enhance the country’s long-term energy security.
