{"id":4241,"date":"2026-11-12T00:04:05","date_gmt":"2026-11-11T19:04:05","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4241"},"modified":"2026-11-12T00:04:05","modified_gmt":"2026-11-11T19:04:05","slug":"govt-reduces-petrol-diesel-prices-further","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4241","title":{"rendered":"Govt reduces petrol, diesel prices further"},"content":{"rendered":"
\n

The federal government on Wednesday reduced the price of petrol by Rs3 per litre to Rs335 and high-speed diesel (HSD) by Rs7 to Rs364, effective Thursday, November 12.<\/strong><\/p>\n

The revision was announced in a press release issued by the Oil and Gas Regulatory Authority (OGRA), which said the revised ex-depot prices had been determined under the petroleum products pricing mechanism approved by the federal government.<\/p>\n

Following the latest revision, petrol will cost Rs335 per litre, down from Rs338, while the price of diesel has fallen to Rs364 from Rs371.<\/p>\n

The latest reduction follows successive cuts announced by the government since November 2, as it continues to pass on relief amid changing international oil market conditions.<\/p>\n

The Petroleum Division revises petroleum prices under the government-approved mechanism, taking into account international oil prices, Platts rates, premiums and other associated costs.<\/p>\n

<\/a>Successive reductions in fuel prices<\/h3>\n

The latest cuts follow a series of reductions in petrol and diesel prices.<\/p>\n

On November 10, the government reduced petrol prices by Rs8 per litre to Rs338 and diesel by Rs7 to Rs371.<\/p>\n

On November 7, petrol became cheaper by Rs6.59 per litre to Rs346, while diesel prices fell by Rs4.25 to Rs378.<\/p>\n

On November 6, the government cut petrol prices by Rs9.41 per litre to Rs352.59 and diesel by Rs5.56 to Rs382.25.<\/p>\n

On November 4, petrol prices were reduced by Rs7.06 to Rs362 per litre, while diesel fell by Rs3.71 to Rs387.81.<\/p>\n

On November 3, petrol was reduced by Rs5.45 to Rs369.06 per litre, while diesel fell by Rs3.68 to Rs391.52.<\/p>\n

The government had also reduced petrol prices by Rs3.40 per litre to Rs374.51 and diesel by Rs7.76 to Rs395.20 on November 2.<\/p>\n

Since November 2, the price of petrol has fallen by a cumulative Rs39.51 per litre, from Rs374.51 to Rs335.<\/p>\n

Similarly, the price of high-speed diesel has declined by Rs31.20 per litre, from Rs395.20 to Rs364, following a series of successive reductions.<\/p>\n

<\/a>International oil prices<\/h3>\n

International oil prices rose around 2% on Wednesday after Iran\u2019s security chief said Tehran would not allow any enriched nuclear material to leave the country, fuelling concerns over potential supply disruptions.<\/p>\n

The gains lifted prices from two-month lows recorded in the previous session.<\/p>\n

Washington has said nuclear issues must be part of any initial negotiations with Tehran aimed at ending the US-Israeli war on Iran.<\/p>\n

Brent crude futures rose $2.15, or 2.35%, to $93.64 a barrel by 12:04pm EST (1704 GMT). US West Texas Intermediate (WTI) crude gained $1.69, or 1.96%, to $87.73 a barrel.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The federal government on Wednesday reduced the price of petrol by Rs3 per litre to Rs335 and high-speed diesel (HSD) by Rs7 to Rs364, effective Thursday, November 12. The revision was announced in a press release issued by the Oil and Gas Regulatory Authority (OGRA), which said the revised ex-depot prices had been determined under the petroleum products pricing mechanism approved by the federal government. Following the latest revision, petrol will cost Rs335 per litre, down from Rs338, while the price of diesel has fallen to Rs364 from Rs371. The…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4241","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4241"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4241\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}