Govt raises petrol price by Re0.88, diesel by Re0.53 per litre

Business Recorder reported that the government has set higher fuel rates from October 21, 2026. Petrol is now priced at Rs382.02 per litre after a Re0.88 rise, while high-speed diesel (HSD) costs Rs389.80 after an increase of Re0.53. The Petroleum Division said OGRA recalculated ex-depot rates under the federal pricing framework, with the revisions applying on October 21.

Officials attributed the adjustment to international factors, including changes in Platts assessments, premiums and incidental costs. This followed Monday’s reductions, when petrol was cut by Rs5.16 to Rs381.14 per litre and HSD by Rs7.69 to Rs389.27. Separately, global oil prices eased from a five-month peak in volatile trading, as markets weighed Houthi strikes on Saudi infrastructure and reports of attacks on vessels in the Gulf.