ISLAMABAD (The Thursday Times) — Petrol now costs Rs335 a litre and high-speed diesel Rs364 after two government cuts in two days, the second of which took effect on Thursday, November 12. Until November 10, the prices were Rs346 and Rs378.
That takes Rs11 off every litre of petrol and Rs14 off every litre of diesel. Here is how the saving works out on some common amounts, using the official prices notified by the Oil and Gas Regulatory Authority.
Petrol: bikes and cars
A 10-litre fill of petrol now costs Rs3,350, down from Rs3,460, a saving of Rs110.
A 40-litre fill, enough to fill the tank of many small and mid-size cars, now costs Rs13,400 instead of Rs13,840, a saving of Rs440.
A household that buys 100 litres of petrol a month now pays Rs33,500 instead of Rs34,600, saving Rs1,100 a month.
Diesel: freight, buses, and farms
Diesel fell further. One hundred litres now cost Rs36,400, down from Rs37,800, a saving of Rs1,400.
For a transporter who buys 1,000 litres a month, the monthly fuel bill falls by Rs14,000, from Rs378,000 to Rs364,000. Diesel also runs tractors and tubewells, so farmers who buy it in bulk get the same Rs14 off every litre.
What comes next
After the first cut on November 11, transporters in Lahore and Sargodha lowered fares by up to Rs100 on some routes. Whether fares and goods prices come down again after the second reduction is up to transporters and provincial authorities.
The current rates were notified by OGRA under the government’s petroleum pricing mechanism, as TT reported when the second cut was announced. They will stay in force until the next price change is notified.
