Govt cuts petrol price by Rs2.71, diesel by Re0.03 per litre
The government on Tuesday reduced the price of petrol by Rs2.71 to Rs392.66 per litre, while cutting the price of high-speed diesel (HSD) by Re0.03 to Rs396.82 per litre, effective for Wednesday, October 14, 2026. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism, according to a press release…
On Tuesday, the government announced a price reduction for petrol and high-speed diesel. Petrol's new price is Rs392.66 per litre, down from Rs395.37, while diesel's price has been cut to Rs396.82 per litre from Rs396.85. These changes will take effect from Wednesday, October 14, 2026. The decision was influenced by global factors, such as fluctuations in Platts rates, premiums, and incidentals.
The Petroleum Division explained that the changes were necessary due to these developments. Earlier in the week, the government had increased the petrol price by Rs2.93 to Rs395.37 per litre and raised diesel's price by Re0.61 to Rs396.85 per litre. On Tuesday, oil prices experienced a 2% drop, a day after Brent crude hit a near one-month high.
Brent crude futures declined by $2.02, or 1.89%, to $104.63 a barrel, while US West Texas Intermediate crude futures fell by $1.89, or 2.02%, to $91.85 a barrel. Both benchmarks had risen by nearly $2 a barrel in the previous session.
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