The Oil and Gas Regulatory Authority revised petroleum prices on 22 October, reducing the cost of motor spirit by Rs2.71 per litre while raising high-speed diesel by Rs0.31 per litre. Petrol prices fell from Rs382.02 to Rs379.31 per litre, whereas high-speed diesel rose from Rs389.80 to Rs390.11 per litre.
The government maintains taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel. High-speed diesel prices have dropped from a peak of Rs520.35 recorded on 3 April, following a period of rising costs that began at Rs281 per litre after the US-Iran war started on 28 February.
A special relief scheme announced by Prime Minister Shehbaz Sharif on 13 September offers a Rs100 per litre discount on petrol for cars under 800cc, motorcycles, and three-wheeler rickshaws. This scheme targets approximately 11.8 million people, including 10 million two-wheeler users and 800,000 three-wheeler users who can receive relief on 20 litres of fuel monthly, alongside one million car users eligible for 30 litres.
Fuel conservation measures reintroduced on 17 September mandate that shops, markets, and grocery stores close by 9pm, while marriage halls and commercial venues must shut by 10pm. Restaurants, cafes, and standalone fruit or vegetable shops are permitted to remain open until 11pm.
Official vehicle fuel allocations have been reduced by 50 per cent for a three-month period. Monthly demand for kerosene stands at 10,000 tonnes, while petrol and high-speed diesel sales average between 700,000 and 800,000 tonnes.
Brent crude futures rose 0.2% to $109.04 a barrel by 10:50 am ET, while US West Texas Intermediate crude fell 0.1% to $97.72.
