Govt cuts petrol by Rs2.27, diesel by Rs3.56 per litre

Petrol in Pakistan will cost less from September 29, 2026, after the government lowered its price by Rs2.27 per litre to Rs389.03, according to Business Recorder. Diesel, referred to as HSD, fell Rs3.56 to a new level of Rs404.97 a litre in the same revision.

A Petroleum Division notification showed that diesel had stood at Rs408.53 before the change, with petrol previously at Rs391.30. On Friday, authorities had increased petrol by Rs2.02 while lowering diesel by Rs3.59 a litre. The division linked the change to international factors such as Platts quotations, premiums and incidental charges.

Crude prices climbed nearly 2% on Monday once US President Donald Trump rejected an Iran peace proposal meant to end the conflict and reopen the Strait of Hormuz. Brent futures stood $1.68 higher, a 1.6% gain, at $106 a barrel by 1320 GMT. Earlier in the session, the contract touched its loftiest level since September 15. West Texas Intermediate, the US grade, traded at $94.10 a barrel, adding $1.69 or 1.8%.