Petrol price reduced by Rs1.65 per litre, diesel’s by 88 paise

The Petroleum Division has lowered petrol and high speed diesel rates for September 19 to 21, citing cheaper global refined products. According to Business Recorder, the ex-depot rate for petrol falls by Rs1.65 per litre to Rs389.14, while diesel drops by 88 paise to Rs424.04 per litre. A lower premium and freight charge, which declined from USD 17.70 to USD 15.46 per barrel, was the main contributor to the petrol cut.

The regulator, OGRA, set the revised figures by averaging the Platts Arab Gulf Means Price across seven working days, the notification said. The average petrol benchmark rose to USD 132.57 per barrel from USD 131.33, while HSD eased to USD 124.24 from USD 124.75. Levies and profit margins stayed largely steady, so the change came through import costs, which fell to Rs278.58 per litre for petrol and Rs317.13 for HSD.

The Prime Minister has asked authorities to widen the Prime Minister's Fuel Relief Scheme, so that motorcycles, rickshaws and Chingchi models of up to 20 years of age can qualify for subsidised petrol. Vehicles registered on or after January 1, 2006 will now be eligible, bringing older machines into the scheme. Separately, sales of Oil Marketing Companies dropped 16 percent month on month to 1.26 million tonnes in August 2026, due to high retail prices.