Govt cuts petrol price by Rs2.71, diesel by 3 paisas for October 14

The federal government has lowered petrol prices by Rs2.71 per litre to Rs392.66, according to Profit by Pakistan Today. High-speed diesel (HSD) was reduced by Rs0.03 to Rs396.82 per litre, with the revised rates taking effect on Wednesday, October 14, 2026.

The Oil and Gas Regulatory Authority (OGRA) revised ex-depot prices under the petroleum pricing mechanism, based on a press release from the Petroleum Division. The division linked the changes to movements in international markets, including Platts rates, premiums and incidentals. The revised rates remain in force for October 14.

The adjustment follows Monday's cut of Rs2.93 per litre in petrol to Rs395.37 and a Rs0.61 rise in diesel to Rs396.85, effective October 13. Separately, international oil prices fell nearly 2% on Tuesday, with Brent crude down 1.89% to $104.63 per barrel and WTI down 2.02% to $91.85 by 1049 GMT, as traders weighed attacks on Saudi Arabia and prospects for more Russian diesel supplies.