Anticipating November 1: Potential Petrol Price Change in Pakistan

The Pakistani government is contemplating a reduction in petrol prices for the first half of November, capitalizing on the strengthened rupee against the dollar as part of stern economic measures. This potential move aims to provide further relief to distressed Pakistanis grappling with a severe economic crisis.

Unconfirmed reports circulating in the media suggest a possible drop in petrol prices by approximately Rs20 per litre, thanks to the resurgence of the Pakistani rupee. Diesel prices are also expected to see a decrease of around Rs16 per litre.

As of the present, the prevailing prices stand at Rs283.38 per litre for petrol and Rs303.18 per litre for high-speed diesel.

The interim government’s members have not reached a decision on this matter, and the final verdict rests with Prime Minister Anwaar Kakar, who is set to convene a meeting on October 31.

If implemented, this adjustment would mark the second reduction in a month. Earlier this month, the caretaker government had already lowered petrol prices by Rs40 per litre and high-speed diesel by Rs15 per litre for the second half of October.

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