Govt cuts petrol price by Rs3.19, hikes diesel by Rs2.25 per litre

Business Recorder reported that the government lowered petrol by Rs3.19 per litre and raised high-speed diesel (HSD) by Rs2.25, with the new rates taking effect on October 28, 2026. Petrol is now priced at Rs376.06 per litre, compared with Rs379.25 previously, while HSD costs Rs398.07, up from Rs395.82. The Petroleum Division said OGRA revised ex-depot prices under the federal pricing mechanism.

The authorities attributed the adjustments to movements in international Platts rates, premiums and other costs. The report also noted that on the previous Monday, petrol and HSD prices had been increased by Rs1.54 and Rs2.16 per litre, respectively. In overseas trading, Brent was down $1.00, or 0.86%, at $114.81 a barrel, while US West Texas Intermediate fell 78 cents, or 0.77%, to $100.98. The fuel-price revision is relevant to the oil marketing sector, while the cited crude benchmarks provide additional context for the change.