Diesel price rise by Rs3.47, petrol falls Rs0.43 per litre

The federal government on Thursday raised the ex-depot price of high-speed diesel by Rs3.47 per litre, taking it to Rs424.92. Motor spirit, or petrol, was cut by Rs0.43 per litre to Rs390.79, according to Business Recorder. The Ministry of Energy's Petroleum Division said in a press release that the new rates will stay valid until Friday, September 18, 2026.

In the previous review, the government had set petrol at Rs391.22 per litre and diesel at Rs421.45. The Petroleum Division attributed the changes to global developments, such as shifts in Platts rates, premiums and incidental costs, and said they followed the government's pricing framework.

Brent futures slid $3.85 to $101.98 a barrel by 1000 GMT, their weakest since September 10. West Texas Intermediate lost $3 to $99.43, the lowest since September 11. Crude eased from its weekly peak once US Energy Secretary Chris Wright hinted that Saudi Arabia's East-West pipeline could resume operations sooner, while extra Saudi loadings via Oman calmed supply concerns, KCM Trade analyst Tim Waterer said. Prices still held above $100 a barrel as fears of a wider Middle East conflict lingered.