Pakistan's federal government on Tuesday cut the price of petrol by Rs8 per litre and high-speed diesel by Rs7 per litre, with the new rates taking effect on Wednesday, November 11.
Under a Petroleum Division notification, petrol will now sell at Rs338 per litre, down from Rs346, while diesel falls from Rs378 to Rs371 per litre.
The cut follows another reduction for November 7 to 10, when petrol was lowered by Rs6.59 and diesel by Rs4.25 per litre.
Since July 17 the government has set fuel prices daily, replacing the weekly system after the US-Israel war with Iran triggered sharp swings in global oil markets.
On November 2, the government said domestic refineries would absorb about Rs15 billion a month so petrol could be sold Rs15 per litre below international levels. A September relief scheme also offers Rs100 per litre off for motorcycles, three-wheelers and cars up to 800cc, targeting around 11.8 million people.