Govt cuts petrol price by Re0.14, diesel by Rs1.89 per litre

Business Recorder reported that the government lowered petrol by Rs0.14 per litre, bringing it to Rs387.40, while high-speed diesel (HSD) fell Rs1.89 to Rs400.35 per litre for Wednesday, October 1. Petrol had stood at Rs387.54 and HSD at Rs402.24 before the revision. The new ex-depot rates were set by the Oil and Gas Regulatory Authority (OGRA) under the federal government's petroleum pricing mechanism.

The Petroleum Division said the change reflected global developments, among them Platts quotations, premiums and incidental costs. These prices stay in force for October 1, 2026. A day earlier, the government had trimmed diesel by Rs2.73 and petrol by Rs1.49 per litre.

Oil prices climbed on Wednesday, putting them on pace for a large monthly rise as US-Iran peace talks stalled and American fuel markets tightened. The November Brent contract due to expire Wednesday traded $1.12 higher at $103.71 a barrel. while the busier December contract added $2.65, reaching $98.81.