Govt cuts diesel price by Rs1.96, raises petrol by Rs4.61 per litre

According to Business Recorder, the government cut the ex-depot price of diesel (HSD) by Rs1.96 per litre, bringing it down to Rs422.08. In the same revision, petrol went up by Rs4.61 per litre to Rs393.75, and the changes take effect from September 22, 2026.

A Petroleum Division statement on Monday said OGRA had revised both rates under the federal pricing mechanism. Officials attributed the movement to global developments, among them Platts rates, premiums and incidentals. Before the revision, diesel stood at Rs424.04 per litre and petrol at Rs389.14.

Earlier in the session, Brent and US West Texas Intermediate crude futures both slipped under $100 a barrel, their lowest level since September 9. The new rates will stay valid until Tuesday, September 22, 2026.