{"id":10363,"date":"2024-10-28T13:38:06","date_gmt":"2024-10-28T08:38:06","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=10363"},"modified":"2024-10-28T13:38:06","modified_gmt":"2024-10-28T08:38:06","slug":"petrol-and-diesel-prices-likely-to-drop-from-november-1","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=10363","title":{"rendered":"Petrol and diesel prices likely to drop from November 1"},"content":{"rendered":"<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"f1d5404f-0445-4e2a-8abc-30e7bed99969\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><strong>Petrol and diesel prices could be reduced by 2 to 3 rupees per liter for the next fifteen days starting from November 1, primarily due to a slight decline in international market rates.<\/strong><\/p>\n<p>According to informed sources, in the last 15 days, the global market&#8217;s average prices of petrol and high-speed diesel have decreased by approximately $1.5 and $2.5 per barrel, respectively. Based on current tax rates and exchange rates, petrol and diesel prices may decrease by 3 rupees and 2 rupees 30 paise per liter, respectively.<\/p>\n<p>Officials state that the average per-barrel price of petrol in the international market has fallen from $77.5 to $76, while high-speed diesel rates have dropped from $86.5 to $84 per barrel.<\/p>\n<p>During the current 15-day period, the import premium on both petrol and diesel has remained stable at $8.7 and $5 per barrel, respectively.<\/p>\n<p>Currently, the ex-depot price of petrol is 247 rupees 3 paise per liter, and diesel\u2019s ex-depot rate is 251 rupees 29 paise per liter.<\/p>\n<p>It should be noted that on October 15, the federal government decided to increase the price of high-speed diesel by 5 rupees per liter for the period from October 16 to October 31 while keeping the price of petrol unchanged. Before this, on September 30, the government announced a reduction in petroleum product prices, reducing petrol by 2 rupees and diesel by 3 rupees 40 paise. On September 15, the government announced a reduction of 10 rupees in the price of petrol and 13 rupees 6 paise in the price of diesel.<\/p>\n<p>Currently, the government is collecting approximately 76 rupees per liter in taxes on both petrol and diesel, including a petroleum development levy of 60 rupees per liter and a customs duty of 16 rupees per liter. Additionally, around 17 rupees per liter are being allocated for distribution and sales margins to oil companies and their dealers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Petrol and diesel prices could be reduced by 2 to 3 rupees per liter for the next fifteen days starting from November 1, primarily due to a slight decline in international market rates. According to informed sources, in the last 15 days, the global market&#8217;s average prices of petrol and high-speed diesel have decreased by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10364,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[36,47,46],"tags":[211,146,1700,210,409,1772,212],"class_list":["post-10363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","category-important-news","category-latest","tag-diesel","tag-government","tag-international-market","tag-petrol","tag-prices","tag-reduction","tag-taxes"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/10363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10363"}],"version-history":[{"count":0,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/10363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/10364"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}