Key Takeaways
- Petrol prices have been reduced to Rs 390.23 per litre.
- Diesel prices have increased to Rs 396.96 per litre.
- Petrol prices have fluctuated significantly over the past month.
The federal government has announced a reduction in the price of motor spirit (MS) petrol to Rs 390.23 per litre for the next 24 hours, according to the latest update from the Oil and Gas Regulatory Authority (OGRA).
This decrease follows a series of price adjustments, with petrol prices having increased by Rs 79.81 per litre since the beginning of the daily fuel rates update.
Diesel, on the other hand, has seen a slight increase, rising to Rs 396.96 per litre, up by Rs 0.31 from the previous day.
The price of petrol was increased by Rs 1.2 to Rs 393.86 per litre on Wednesday, October 14, while diesel was made cheaper by Rs 0.17 to Rs 396.65 per litre.
Since the start of the daily revisions, petrol prices have fluctuated, with the highest recorded price being Rs 398.30 on October 9 and the lowest being Rs 342.79 on August 28.
The price of diesel has also seen significant changes, with the highest recorded price being Rs 424.92 on September 17 and the lowest being Rs 367.75 on September 9.
The daily revisions have shown a pattern of fluctuation, with both petrol and diesel prices moving up and down over the past month.
Consumers can expect these prices to remain in effect for the next 24 hours, after which the OGRA will review and update the rates again.
