Govt cuts petrol price by Rs3.19, hikes diesel by Rs2.25 per litre
- New prices are effective for Oct 28
The government has adjusted fuel prices, reducing petrol by Rs3.19/litre and increasing high-speed diesel by Rs2.25/litre, effective October 28, 2026, due to global market changes.
- The specific new prices for petrol and high-speed diesel.
- Global developments necessitating the fuel price adjustments.
- Recent trends and factors affecting international crude oil prices.
The government has reduced the price of petrol by Rs3.19 per litre while increasing the price of high-speed diesel (HSD) by Rs2.25 per litre, effective October 28, 2026.
According to a press release issued by the Petroleum Division on Tuesday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the federal government’s petroleum pricing mechanism.
Following the revision, petrol will cost Rs376.06 per litre, down from Rs379.25, while the price of high-speed diesel has been raised to Rs398.07 per litre from Rs395.82.
The revised prices will be effective for Tuesday, October 28, 2026.
OGRA said the change in prices was necessitated by global developments, including changes in Platts rates, premiums and incidentals.
On Monday, the government increased the price of high-speed diesel by Rs2.16 per litre and petrol by Rs1.54 per litre.
Globally, the oil price on Tuesday as attention turned to Middle East peace talks, though prices remain near multi-month highs as the Houthi-Saudi Arabia conflict rages and the potential for fresh US-Israeli attacks hangs over the market.
Brent crude futures were down $1.00, or 0.86%, at $114.81 a barrel by 1311 GMT. US West Texas Intermediate crude was down 78 cents, or 0.77%, at $100.98.
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