The federal government raised the price of high-speed diesel by Rs1.91 per litre. Petrol prices remain unchanged until 26 October, with the Petroleum Division stating the fuel will continue to sell at Rs377.71 per litre from 24 to 26 October.
For 23 October, the government had previously reduced the petrol price by Rs1.60 per litre while increasing the high-speed diesel price by Rs1.64 per litre. A new pricing mechanism introduced on 17 July requires petroleum product prices to be reviewed and notified on a daily basis.
Prime Minister Shehbaz Sharif announced a special relief scheme on 13 September that offers a Rs100 per litre discount on petrol for cars with engines up to 800cc, three-wheeler rickshaws, and motorcycles. Approximately 11.8 million people are expected to benefit from this scheme.
The relief covers 20 litres of fuel per month for roughly 10 million two-wheeler users and 800,000 three-wheeler users, while one million car owners with engines up to 800cc will receive relief on 30 litres per month. Austerity and fuel conservation measures were reintroduced on 17 September.
Commercial venues such as marriage halls and marquees hosting festive events are required to close by 10pm. Restaurants, cafes, eateries, food outlets, and standalone fruit and vegetable shops may stay open until 11pm, though takeaway and home delivery services are exempt from these timing rules.
Brent crude futures rose by $4.01, or 3.54%, to $117.18 a barrel by 12:21 pm ET on the day of the report. US West Texas Intermediate crude also gained $3.75, or 3.77%, reaching $103.22.
