Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre
- New prices effective for Wednesday, September 30
The government has reduced diesel and petrol prices, effective September 30, 2026, citing global developments and declining oil prices influenced by Middle East supply dynamics.
- Specific price reductions for diesel and petrol.
- Global developments influencing fuel price adjustments.
- Declining global oil prices and Middle East supply.
The government reduced the price of diesel by Rs2.73 to Rs402.24 per litre and petrol by Rs1.49 to Rs387.54 per litre, effective for Wednesday, September 30, 2026.
According to a notification issued by the Petroleum Division on Tuesday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the federal government.
The Petroleum Division said the price changes were necessitated by global developments, including changes in Platts rates, premiums and incidentals.
The revised prices will remain effective till Wednesday, September 30, 2026.
In the previous review on Monday, the government reduced the price of petrol by Rs2.27 per litre to Rs389.03 and high-speed diesel (HSD) by Rs3.56 to Rs404.97 per litre.
Globally, oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran.
Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%.
Brent and WTI are headed for monthly gains of around 14% and 5.6%, respectively.