Govt cuts petrol price by Rs1.65, diesel by Rs0.88 per litre
The government has reduced the ex-depot price of petrol by Rs1.65 per litre to Rs389.14 and high-speed diesel (HSD) by Rs0.88 to Rs424.04, effective from September 19 to September 21, 2026. According to a press release issued by the Ministry of Energy (Petroleum Division) on Friday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the…
The government has lowered the price of petrol by Rs1.65 per litre, bringing the ex-depot price down to Rs389.14 and diesel (HSD) by Rs0.88, reducing it to Rs424.04. This reduction took effect from September 19 to September 21, 2026. The Oil and Gas Regulatory Authority (OGRA) revised these prices based on the federal government's petroleum pricing mechanism.
The ex-depot price of HSD was adjusted from Rs424.92 to Rs424.04 per litre, while the price of motor spirit (MS) was decreased from Rs390.79 to Rs389.14 per litre. The ministry cited global events, including changes in Platts rates, premiums, and incidentals, as the reason for these price modifications. The revised prices will remain in place until September 21, 2026.
Prior to this review, the government had increased the petrol price to Rs3.47 per litre and cut the price of motor spirit (petrol) by Rs0.43 per litre. Oil prices dipped on Friday as concerns over Saudi supply disruptions eased more than growing fears of escalating conflict in the Middle East. Brent crude futures dropped by 88 cents, or 0.84%, to $103.94 a barrel, while U.S. West Texas Intermediate futures remained unchanged at $102.15.
Benchmark Brent prices are projected to record their first weekly loss in three weeks, falling by 0.8%.
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