Govt raises petrol price by Rs1.20, decreases diesel's by Re0.17 per litre
- New prices effective for Thursday, October 15
Pakistan's government reduced petrol and diesel prices effective October 15, citing global developments and market rates as the reason for the change.
- Pakistan's recent petrol and diesel price cuts.
- Global developments influencing fuel price revisions.
- Oil price stability amid geopolitical tensions.
The government on Wednesday increased the price of petrol by Rs1.20 to Rs393.86 per litre, while reducing the price of high-speed diesel (HSD) by Re0.17 to Rs396.65 per litre, effective for Thursday, October 15, 2026.
The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism, according to a press release issued by the Petroleum Division.
The revised prices will remain are effective for October 15.
The Petroleum Division said the change was necessitated by global developments, including movements in Platts rates, premiums and incidentals.
On Tuesday, the government had reduced the price of petrol by Rs2.71 to Rs392.66 per litre, while cutting the price of high-speed diesel by Re0.03 to Rs396.82 per litre.
Meanwhile, oil prices steadied on Wednesday after rising on an attack on the headquarters of Saudi Arabia’s state-owned oil company and Iranian comments about new tactics deployed to target ships and keep oil prices high to influence US midterm elections.
Brent crude futures were up 13 cents at $105.56 a barrel by 1325 GMT. US West Texas Intermediate crude gained $1.25, or 1.33%, to $95.39 for a more than two-week high.