Diesel price slashed by Rs7.76, petrol gets Rs3.40 cut

Mettis Global reported that OGRA cut the ex-depot price of high-speed diesel by Rs7.76 per litre and petrol by Rs3.40 per litre, with the revised rates taking effect on November 3, 2026. Diesel is now priced at Rs395.20 per litre, down from Rs402.96, while petrol falls to Rs374.51 from Rs377.91.

The revisions follow the petroleum pricing mechanism set by the Federal Government, according to the report. The changes apply to the November 3 rates; the source provides no further details on the calculation or on expected effects for consumers and businesses. For investors, the notification is relevant to the oil and gas marketing sector because it sets the prices of two widely used petroleum products.