Govt reduces petrol price by Rs2.71, raises diesel's Re0.31 per litre

Business Recorder reported that the government lowered petrol by Rs2.71 per litre to Rs379.31, while high-speed diesel (HSD) rose Re0.31 to Rs390.11. The revised rates apply on October 22, 2026, following a review by the Oil and Gas Regulatory Authority under the federal government’s petroleum pricing mechanism.

The Petroleum Division linked the adjustment to international market factors, including Platts rates, premiums and incidentals. The previous day, petrol had been raised Re0.88 to Rs382.02 per litre and HSD Re0.53 to Rs389.80. Global crude benchmarks moved in different directions on Wednesday: Brent stood at $109.04 a barrel, up 0.2%, while US West Texas Intermediate slipped 0.1% to $97.72, as investors assessed developments around Russia-Ukraine talks, US stock levels and US-Iran dialogue.