Petrol price cut by Rs3.63, diesel rises by Rs0.31 per litre

Petrol prices will drop by Rs3.63 per litre from October 16, 2026, while high-speed diesel goes up by Rs0.31 per litre, according to Mettis Global. The revised ex-depot rate for petrol is Rs390.23, down from Rs393.86, and diesel now costs Rs396.96 compared with Rs396.65 in the previous pricing cycle.

The move comes under the government's petroleum pricing framework, which the Oil and Gas Regulatory Authority applied when it revised ex-depot prices for the day. Mettis Global said global developments drove the change, including shifts in Platts rates, premiums and incidental charges.

Petrol remains the cheaper of the two fuels after the revision, and the gap between their ex-depot prices is wider than in the previous schedule. The new rates take effect from October 16, 2026, replacing the prices set for October 15.