Government cuts petrol price to Rs330 per litre from November 14, while keeping high-speed diesel unchanged at Rs360 amid global oil market volatility.

The federal government has reduced the price of petrol by Rs2 per litre while maintaining the rate of high-speed diesel (HSD) unchanged for the next pricing period, according to an Oil and Gas Regulatory Authority (OGRA) notification issued on Friday.

Following the latest revision, petrol will be available at Rs330 per litre, down from Rs332. Meanwhile, high-speed diesel will continue to be sold at Rs360 per litre.

The revised petroleum prices will take effect from November 14 and remain applicable until November 16, according to the notification.

Petroleum product	Previous price	New price	Change
Petrol	Rs332	Rs330	-Rs2
High-speed diesel	Rs360	Rs360	No change

OGRA has also started publishing daily petroleum prices on its website to improve transparency and facilitate the quicker transmission of changes in international oil prices to domestic consumers.

The government recently shifted towards a daily fuel price review mechanism amid volatility in global oil markets following renewed hostilities in the Middle East.

Previously, authorities had introduced a weekly petroleum price review system after the regional conflict escalated on February 28, when Israel and the United States launched attacks on Iran. Tehran subsequently closed the Strait of Hormuz, a critical shipping route that previously handled around one-fifth of global energy supplies.

The latest adjustment provides limited relief to petrol consumers, while diesel users will see no change in fuel costs.