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National

Diesel price increased by Rs1.64 per litre, petrol rate cut by Rs1.60

Diesel price increased by Rs1.64 per litre, petrol rate cut by Rs1.60
Petrol, diesel prices increased
ISLAMABAD, Oct 22 (APP):The government has increased the price of high-speed diesel (HSD) by Rs1.64 per litre and reduced the price of petrol by Rs1.60 per litre, effective October 23.
 According to a press release issued by the Ministry of Energy (Petroleum Division) on Thursday, following the revision, the price of high-speed diesel has risen from Rs390.11 to Rs391.75 per litre, while the price of motor spirit (petrol) has fallen from Rs379.31 to Rs377.71 per litre.
The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the petroleum pricing mechanism issued by the federal government.
According to the press release, the adjustments were made in response to global developments, including changes in Platts rates, premiums and incidental charges.

Source: APP (Associated Press of Pakistan)