Govt raises petrol price by Rs1.20, decreases diesel's by Re0.17 per litre

Petrol rose by Rs1.20 a litre on Wednesday, with its price now set at Rs393.86, according to Business Recorder. Diesel moved the other way, falling Rs0.17 to Rs396.65 per litre. Both revised ex-depot rates take effect on Thursday, October 15, 2026, after the Oil and Gas Regulatory Authority issued them under the federal pricing mechanism.

The Petroleum Division said global developments drove the change, citing Platts quotations, premiums and incidentals. On Tuesday, petrol had been cut by Rs2.71 to Rs392.66 per litre, while diesel was lowered by Rs0.03 to Rs396.82.

Separately, oil prices steadied on Wednesday after an attack on the headquarters of a Saudi state oil company and Iranian remarks on tactics aimed at ships. By 1325 GMT, Brent crude futures were 13 cents higher at $105.56 a barrel, while West Texas Intermediate rose $1.25, or 1.33%, to $95.39.