Petrol price falls to Rs369.06 per litre from November 4

The price of petrol will fall by Rs5.45 per litre to Rs369.06 from Wednesday, November 4, under revised ex-depot prices issued by the Oil and Gas Regulatory Authority. The regulator also announced a Rs3.68 per litre increase in high-speed diesel, taking its notified price to Rs395.20 per litre.

The revised rates apply from November 4 under the federal petroleum pricing mechanism. The regulator’s published schedule listed petrol at Rs374.51 per litre before the new revision, while high-speed diesel was listed at Rs391.52 per litre.

Petrol is widely used by motorcycles, rickshaws, private cars and smaller commercial vehicles. A fall in its price can lower direct fuel costs for many households and small businesses, although the actual effect on transport fares and consumer prices depends on individual operators and market conditions.

High-speed diesel is used more heavily in freight transport, agriculture, generators and some industrial activity. Its increase may add to operating costs for sectors that depend on diesel-powered equipment or transport, even as petrol users receive relief under the same revision.

The different direction of the two adjustments matters because petrol and diesel affect separate parts of the economy. Petrol changes are more immediately visible to commuters and motorcyclists, while diesel costs can feed into the movement of goods, farm inputs and backup power expenses.

The new schedule follows another fuel-price revision announced a day earlier. Consumers should use the November 4 effective date and the product name when checking pump prices, as petrol and high-speed diesel now carry different rates under the latest notification.

The official notice provides the ex-depot prices. Retail prices at fuel stations should reflect the notified rates, while any wider impact on transport charges or commodity prices will depend on decisions by businesses and transport operators.