Govt hikes petrol price by Rs2.02, slashes diesel by Rs3.59 per litre

Business Recorder reported that the federal government lifted the ex-depot rate for petrol to Rs391.30 per litre, a rise of Rs2.02 from the earlier level, while cutting high-speed diesel to Rs408.53 per litre, which is Rs3.59 lower. The new figures take effect on September 26 and stay in place through September 28, 2026, under the petroleum pricing mechanism.

Pricing changes were traced by the Petroleum Division to overseas factors, namely shifts in Platts quotations, premiums and incidentals, while OGRA carried out the revision. Before this round, the previous review had trimmed diesel by Rs2.63 and petrol by Rs0.84, leaving them at Rs412.12 and Rs389.28 per litre.

Separately, crude benchmarks softened earlier in the session as traders assessed a possible US-Iran truce against reports of rising Houthi attacks on Saudi Arabia that could disrupt supply. At 1215 GMT Brent stood at $105.26 a barrel after shedding 1.3%, and WTI at $92.78 after a 1.9% drop. So far this week Brent has advanced 1.5%, whereas WTI has slipped 7.4%.