Govt cuts petrol price by Rs5.16, diesel by Rs7.69 per litre

Business Recorder reported that fuel prices were revised from October 20, 2026. Petrol is now Rs381.14 per litre, down Rs5.16, while high-speed diesel (HSD) fell Rs7.69 to Rs389.27. The Petroleum Division said OGRA recalculated ex-depot rates under the federal pricing formula, taking account of Platts benchmarks, premiums and other costs.

The latest change follows Friday’s adjustment, when petrol became cheaper by Rs3.63 to Rs390.23, but diesel rose Re0.31 to Rs396.96. Global crude prices also declined on Monday: Brent fell 1.6% to $108.14 a barrel and US West Texas Intermediate slipped 0.86% to $100.54. Traders took profits after the previous week’s highs, while geopolitical conflicts and US measures affecting Russian exports remained in focus.