Govt reduces petrol price by Rs3.93 per litre, keeps diesel's unchanged

The government cut the petrol price by Rs3.93 per litre on Friday, bringing it down to Rs386.30, while high-speed diesel (HSD) was held at Rs396.96 per litre. According to a Petroleum Division press release, the Oil and Gas Regulatory Authority revised ex-depot rates under the federal pricing mechanism. The new prices will stay in force from October 17 to October 19, 2026.

The Petroleum Division attributed the revision to global developments, specifically shifts in Platts quotations, premiums and incidental charges. The adjustment covers a three-day window that takes in the weekend. It follows a Wednesday move in which petrol fell Rs3.63 to Rs390.23 per litre and diesel rose Re0.31 to Rs396.96.

Oil prices held roughly steady on Friday and were on course for a weekly gain. Brent futures rose 36 cents to $106.28 a barrel, while WTI fell 19 cents to $97.78. Supply concerns in the Middle East and a bigger than expected drop in US crude inventories were among the drivers, while European diesel margins eased following an IEA move that adds diesel supply.