Govt cuts petrol price by Rs5.45, diesel's by Rs3.68 per litre

Business Recorder reported that the government lowered petrol by Rs5.45 to Rs369.06 per litre and high-speed diesel by Rs3.68 to Rs391.52. The revised rates take effect on November 4, 2026, following changes to ex-depot prices under the federal petroleum pricing framework, as announced by OGRA.

The report also noted that prices had been reduced the previous day, with diesel down Rs7.76 to Rs395.20 per litre and petrol down Rs3.40 to Rs374.51. International crude prices fell about 2% on Tuesday to a three-week low, amid shifting views on the Ukraine and Iran conflicts and the possibility of supply interruptions after attacks.

The latest domestic adjustment is relevant to the oil and gas marketing sector because petrol and diesel are key products in its market. The source also cited US midterm elections, with analysts expecting Democrats to gain the House while control of the Senate remained uncertain.