Govt hikes petrol price by Rs1.82, cuts diesel by Re0.91 per litre
- New prices are effective for October 8
OGRA has revised petroleum prices effective October 8, 2026, increasing petrol by Rs1.82/litre while decreasing high-speed diesel by 91 paisa/litre, reflecting international market changes.
- New petrol and high-speed diesel prices.
- Factors influencing petroleum price revisions.
- OGRA's petroleum pricing mechanism.
The government has increased the price of petrol by Rs1.82 per litre to Rs396.65, while reducing the price of high-speed diesel (HSD) by 91 paisa to Rs394.94 per litre, effective October 8, 2026.
The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism, according to the Petroleum Division.
It added that petroleum product prices were revised in line with changes in international market prices, Platts rates, premiums and other related costs.
The revised prices will remain effective from October 8, 2026, under the government’s petroleum pricing mechanism.
On Tuesday, the federal government reduced the diesel price Rs1.91 to Rs395.85 per litre, while increasing the petrol price by Rs1.19 per litre to Rs394.83.
Meanwhile, oil prices rose on Wednesday, with Brent futures holding above $100 a barrel on supply concerns as investors weighed a surprise drop in US crude stocks, global war-driven bottlenecks, and a storm heading for US oil-producing regions.
Brent crude futures were up $1.29, or 1.28%, to $101.87 a barrel at 10:52 a.m. ET (1452 GMT). US West Texas Intermediate (WTI) crude was up 22 cents, or 0.25%, to $89.66.
US crude stocks and distillate inventories fell while gasoline stocks rose last week, the Energy Information Administration said.
Crude inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended October 2, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.7 million-barrel rise.
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