Govt cuts diesel price by Rs4.21, petrol by Rs1.93 per litre

Business Recorder reported that the federal government has lowered the ex-depot rate of high-speed diesel (HSD) by Rs4.21, taking it to Rs414.75 per litre. Petrol drops by Rs1.93 to Rs390.12 a litre under the same revision. The new rates, announced in a Petroleum Division press release on Wednesday, take effect on September 24, 2026.

The previous rates were Rs418.96 for HSD and Rs392.05 for petrol, so both fuels are now lower. The Petroleum Division attributed the changes to global developments, including shifts in Platts rates, premiums and incidental costs. An earlier review had already trimmed diesel by Rs3.12 and petrol by Rs1.70.

Global crude prices edged up on Wednesday, with Brent futures gaining $1.84 to reach $101.09 a barrel at 11:11 a.m. EDT, a rise of 1.85 per cent. Traders weighed remarks from Iranian President Masoud Pezeshkian, who vowed never to surrender, as well as a warning from US President Donald Trump that he could annihilate Iran.