Govt raises diesel price by Re0.85 per litre, keeps petrol unchanged
- The revised prices are effective for October 30
The government increased petrol and diesel prices, effective October 30, 2026, citing global developments. This occurred as global oil prices fell due to peace talk hopes.
- Reasons behind the recent petrol and diesel price hike.
- Impact of global oil price fluctuations on local fuel costs.
- Specific changes in Brent and WTI crude futures.
The government has increased the price of high-speed diesel (HSD) by Re0.85 per litre to Rs400.67 from Rs399.82, while keeping petrol unchanged at Rs377.91 per litre, effective October 30, 2026.
According to a Petroleum Division notification issued on Thursday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the federal government’s petroleum pricing mechanism.
The revised prices will be effective for Friday, October 30, 2026.
OGRA said the change in prices was necessitated by global developments, including changes in Platts rates, premiums and incidentals.
On Wednesday, the government increased the price of petrol by Rs1.85 per litre and high-speed diesel by Rs1.75 per litre.
Globally, oil prices fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.
Brent crude futures declined $1.55, or 1.34%, to $113.77 a barrel by 1314 GMT. US West Texas Intermediate (WTI) crude futures were down $2, or 1.95%, at $100.78.
Brent rose 1.3% and WTI gained 3% on Wednesday.