Govt raises petrol price by Rs4.10, diesel by Rs6.41

The government announced a significant increase in petrol and diesel prices, effective Wednesday, September 16, 2026. This marks the seventh consecutive hike in petroleum prices. The Ministry of Energy's Petroleum Division, in collaboration with the Oil and Gas Regulatory Authority (OGRA), revised the ex-depot prices of petroleum products under the government's pricing mechanism.

The price of Motor Spirit, commonly known as petrol, was raised by Rs4.10 per litre. This adjustment increased the price from Rs380.24 to Rs384.34 per litre. Similarly, high-speed diesel (HSD) witnessed a hike of Rs6.41 per litre, with the new price set at Rs415.83 per litre.

According to the previous review on Tuesday, September 15, the government had increased the price of petrol to Rs380.24 per litre and HSD to Rs409.42 per litre. Since September 1, petrol prices have risen by Rs41.55 per litre, while HSD has seen a rise of Rs45.42 per litre.

On Tuesday, global oil prices surged nearly $3 after a report indicated that oil loadings at Saudi Arabia's Red Sea port of Yanbu had been suspended, and Libya had halted operations at three oil fields. This disruption raised concerns about potential long-term impacts on key oil supply routes. Brent crude futures climbed $2.81, or 2.66%, to $108.49 a barrel, while U.S. West Texas Intermediate futures rose $3.29, or 3.16%, to $104.68 a barrel.

If prices maintain this upward trajectory, both contracts could close at their highest levels in nearly four months.