Govt raises petrol price by Rs1.20, cuts diesel by 17 paisas for October 15

Profit by Pakistan Today reported that the government raised petrol prices by Rs1.20 per litre to Rs393.86 on Wednesday, effective Thursday, October 15, 2026. High-speed diesel (HSD) was reduced by Rs0.17 per litre to Rs396.65 under the same revision. The Oil and Gas Regulatory Authority (OGRA) revised ex-depot rates under the federal government's petroleum pricing mechanism.

The Petroleum Division linked the changes to movements in international oil markets, including shifts in Platts quotations, premium levels and incidentals. The new rates apply only to October 15. The previous revision, effective October 14, had lowered petrol by Rs2.71 per litre and diesel by Rs0.03 per litre.

Global crude steadied on Wednesday after earlier gains triggered by an attack on Saudi Aramco's headquarters and remarks from Iranian officials about new tactics targeting vessels. Brent futures edged up 13 cents to $105.56 a barrel by 1325 GMT. West Texas Intermediate rose $1.25, or 1.33%, to $95.39 a barrel, its highest level in over two weeks.