Govt hikes petrol price by Re0.88, cuts diesel by Rs1.88 per litre

Business Recorder reported that the government has lowered the diesel rate by Rs1.88 a litre, bringing it to Rs397.76, while petrol becomes dearer by Rs0.88 at Rs393.64. The Oil and Gas Regulatory Authority issued these revised ex-depot prices for October 6, 2026, under the petroleum pricing mechanism. The Petroleum Division linked the changes to international factors, among them Platts quotations along with premiums and incidental charges.

On Friday, the government had raised petrol by Rs2.10 a litre to Rs392.76 and diesel by Rs0.30 to Rs399.64, both for three days. On Monday, Brent crude futures slipped $1.10, or 1.08%, to $101.15 a barrel after Middle Eastern crude shipments rose and G7 members pledged more supply. Selling was held back, however, by worries over ongoing disruption tied to the US-Israeli conflict with Iran.

On Friday, G7 members agreed to tap emergency stockpiles of 100 million barrels of diesel and crude. They also committed to avoid energy export curbs following pressure from US President Donald Trump.