Govt cuts petrol price by Rs3.93 to Rs386.30 per litre, keeps diesel unchanged

Pakistan's government lowered petrol prices by Rs3.93 on Friday, bringing the rate to Rs386.30 per litre, according to Profit by Pakistan Today. High-speed diesel (HSD) was left untouched at Rs396.96 per litre. The new rates take effect from October 17 and run until October 19, 2026.

The Oil and Gas Regulatory Authority (OGRA) revised ex-depot prices under the federal pricing mechanism, and the Petroleum Division linked the change to international developments affecting Platts benchmarks, premiums and incidentals. Those prices will hold for three days, covering the weekend and Monday. The previous revision had cut petrol by Rs3.63 to Rs390.23 per litre while raising diesel by Re0.31.

Internationally, oil prices held steady on Friday and were headed for a weekly gain, with uncertainty over Middle East supplies and a bigger than expected drawdown in US crude stocks in view. European diesel margins, however, eased after the International Energy Agency (IEA) moved to release extra diesel. Brent crude edged up 0.34% to $106.28 per barrel, while WTI fell 0.19% to $97.78.