The Oil & Gas Regulatory Authority (OGRA) on Tuesday changed the petrol and diesel prices, with the new rates taking effect from Wednesday, November 11.
What are the petrol and diesel prices in Pakistan today?
The price of petrol was decreased by Rs8, and the price of diesel was decreased by Rs7. A notification has been issued in this regard as well.
The price of petrol has been set at Rs338 per litre, and the price of diesel has been set at Rs371 per litre. These prices have been set for the next 24 hours.
Transporters announce major relief
Previously, goods transporters have announced a 5 per cent reduction in freight charges following the recent cut in petrol and diesel prices. The decision aims to provide some relief to the public.
Malik Shahzad Awan, President of the All Pakistan Goods Transport Alliance, welcomed the reduction in fuel prices and announced a 5 per cent cut in goods transportation charges.
He said the decision was made after petrol and diesel prices dropped over the past four to five days.
Malik Shahzad Awan said the transport sector should also pass on the benefits of lower fuel prices to the public. He thanked the prime minister and the federal minister for petroleum for reducing fuel prices.
How will the reduction affect the public?
The 5 per cent cut in freight charges is expected to lower the cost of transporting goods across the country.
Businesses that use transport vehicles to deliver raw materials and finished products may also benefit from the decision.
Lower transportation costs could help reduce expenses across the supply chain, including the delivery of essential goods.
However, the actual impact on prices for consumers will depend on other business costs and market conditions.
