Govt raises petrol by Rs1.19, cuts diesel by Rs1.91 per litre

Business Recorder reported that petrol will cost Rs394.83 per litre from October 7, 2026, after a rise of Rs1.19. High-speed diesel (HSD) will be cut by Rs1.91 to Rs395.85 per litre under the revised ex-depot rates. The Oil and Gas Regulatory Authority (OGRA) issued the new figures under the petroleum pricing mechanism, following a Petroleum Division notification.

According to the notification, the revision followed changes in international petrol and diesel rates, together with Platts quotations, premiums and other applicable costs. The same pricing framework had produced a separate move on Monday, when diesel fell by Rs1.88 to Rs397.76 and petrol rose by Re0.88 to Rs393.64.

Crude benchmarks also declined on Tuesday, with Brent futures down $1.84, or 1.8%, at $98.48 a barrel, while US West Texas Intermediate (WTI) lost $1.42, or 1.6%, to $88.01. Brent was poised to end at its weakest level since September 8, while WTI was set to close at its weakest since August 31. Supply worries eased after Middle Eastern crude shipments rose and the Group of Seven nations agreed to tap emergency diesel and crude reserves.