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Markets

Govt reduces petrol price by Rs2 per litre, keeps diesel rate unchanged

  • New prices effective from Saturday till Monday
Published Updated

Pakistan government on Friday decreased the price of petrol by Rs2 to Rs330 per litre, while keeping the price of high-speed diesel (HSD) unchanged at Rs360 per litre, effective from Saturday, November 14, 2026.

In its press release, the Oil and Gas Regulatory Authority (OGRA) said the prices were worked out under the petroleum products pricing mechanism approved by the federal government.

The new prices will remain effective till Monday, November 16, 2026.

On Thursday, the government reduced the price of petrol by Rs3 to Rs332 per litre and HSD by Rs4 to Rs360 per litre.

On a weekly basis, the petrol price witnessed a decrease of 4.6% or Rs16 from Rs346 per litre rate announced last Friday. Similarly, diesel price saw a decline of 4.8% or Rs18 from Rs378 per litre.

Oil prices were mixed on Friday and headed for a second weekly decline as the US focus on its blockade of Iran and other economic pressure eased fears of renewed direct conflict, though shipping attacks remained a supply risk.

Brent futures rose 39 cents, or 0.4%, to $96.21 a barrel at 1200 GMT. US West Texas Intermediate (WTI) futures were down 12 cents, or 0.1%, to $88.62 a barrel.

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