Govt reduces diesel price by Rs7.76, petrol by Rs3.40 per litre

Business Recorder reported that Pakistan’s government reset fuel prices effective November 3, 2026. High-speed diesel now costs Rs395.20 per litre after a Rs7.76 decrease, while petrol was cut Rs3.40 to Rs374.51. OGRA said the ex-depot rates were revised under the federal pricing framework.

The reductions follow Friday’s adjustment, when diesel had risen Rs2.29 to Rs402.96 and petrol remained at Rs377.91. International crude also weakened on Monday: Brent fell 6.0% to $106.65 a barrel, while US West Texas Intermediate dropped 6.1% to $97.75. Business Recorder linked the global decline to improved hopes of fewer supply disruptions after Iranian-Qatari talks on ending the US-Israeli war with Iran. Iran’s president also said the supreme leader had given the government certain authority concerning peace discussions. The domestic price change is relevant to fuel retailers and businesses exposed to petroleum costs.