Govt maintains petrol price, cuts HSD by Rs7 per litre

News Image

MG News | November 30, 2023 at 11:40 PM GMT+05:00

0:00

November 30, 2023 (MLN): The caretaker federal government on Thursday decided to maintain the current petrol price of RsRs281.34 for the next fortnight, said a notification issued by the Finance Division.

Conversely, the price of High-Speed Diesel (HSD) has been reduced by Rs7 per litre to Rs289.71.

The notification further shows that the government slashed the prices of Kerosene (SKO) and Light Diesel Oil (LDO) by Rs3.82 and Rs4.52 per litre to Rs201.16 and Rs175.93 per litre, respectively. 

The new prices will be effective from December 01, 2023.

To note, in the previous fortnight, the caretaker government decided to cut the price of petrol and HSD by Rs2.04 and Rs6.47 per litre.

It is important to mention that global oil prices remained under pressure during November 15 to November 30, driven by demand headwinds, along with delayed OPEC+ meeting regarding production cuts.

Accordingly, the average prices of the three global oil benchmarks, including Brent Crude, WTI, and Arab Light declined.

On the currency front, the Pakistani Rupee (PKR) has remained almost stable at 285.74 per USD as against last fortnight's weighted average rate of ~286.1 per USD.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,455.00 118,295.00
116,115.00
1630.00
1.41%
BRENT CRUDE 68.33 68.36
67.34
0.38
0.56%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.50 94.50
94.50
0.95
1.02%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.08 64.13
63.11
0.38
0.60%
SUGAR #11 WORLD 16.07 16.27
16.06
-0.20
-1.23%

Chart of the Day


Latest News
September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August


September 18, 2025 at 05:16 PM GMT+05:00

Pakistan records FDI of $156m in August


September 18, 2025 at 04:41 PM GMT+05:00

PKR strengthens 3.42 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg