Overview
- Pakistan’s diesel price, which the prime minister cut Friday by Rs32.12 to Rs353.43 per litre, takes effect at midnight.
- Petrol stays at Rs366.58 per litre as the government orders quick pass‑through to buyers and keeps heavier levies focused on petrol rather than diesel.
- Global benchmarks sank after Iran said the Strait of Hormuz was open during a ceasefire, though traders warn the truce and shipping flows could still falter.
- Pakistan State Oil announced Saturday that jet fuel fell by Rs23 to about Rs471 per litre, a move that could ease airline costs and some fares.
- This is the second big diesel rollback in two weeks after an earlier Rs135 cut, and regulators say they cleared Rs38bn of industry claims while larger dues remain outstanding.