Govt cuts diesel price by Rs1.96, raises petrol by Rs4.61 per litre
The government has reduced the ex-depot price of high-speed diesel (HSD) by Rs1.96 per litre to Rs422.08 per litre, and increased the petrol price by Rs4.61 to Rs393.75 per litre, effective September 22, 2026. According to a press release issued by the Petroleum Division on Monday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the…
On September 22, 2026, the government announced a price adjustment for diesel and petrol, effective immediately. The ex-depot price of high-speed diesel (HSD) was reduced by Rs1.96 per litre to Rs422.08, while petrol prices saw a rise of Rs4.61 to Rs393.75 per litre. This change was made under the petroleum pricing mechanism set by the federal government, as per a press release from the Petroleum Division.
The reduction in HSD price was attributed to global developments, including changes in Platts rates, premiums, and incidentals. The previous ex-depot price for HSD was Rs424.04 per litre, and for petrol, it was Rs389.14 per litre. The revised prices will be in effect until September 22, 2026. Oil prices had eased to their lowest levels in 12 days, with investors anticipating a partial recovery in shipments from Saudi Arabia and hopeful for diplomatic progress on the Iran war following a recent UN meeting.
Brent crude futures and US West Texas Intermediate crude had dropped below $100 a barrel, with the Brent contract for November at $100.39 a barrel and the WTI October contract at $95.66 a barrel.
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