Govt hikes petrol price by Rs1.82, cuts diesel by Re0.91 per litre

Business Recorder reported that petrol went up by Rs1.82 a litre to Rs396.65, while high-speed diesel (HSD) dropped 91 paisa to Rs394.94. Both revised rates come into force on October 8, 2026, after the Oil and Gas Regulatory Authority (OGRA) updated ex-depot prices for petroleum products.

According to the Petroleum Division, the adjustments follow the petroleum pricing mechanism and reflect international price movements, Platts quotations, premiums and related expenses. The prior revision on Tuesday had cut diesel by Rs1.91 to Rs395.85 per litre while lifting petrol by Rs1.19 to Rs394.83.

Separately, Brent crude rose $1.29 to $101.87 a barrel by 10:52 a.m. ET on Wednesday, staying above the $100 level amid supply concerns. The Energy Information Administration said US crude stockpiles shrank 3.2 million barrels to 424.1 million for the week to October 2, although analysts polled by Reuters had expected a 1.7 million-barrel increase.