Govt cuts petrol price by Rs3.63, increases diesel's by Re0.31 per litre
Pakistan government on Thursday reduced the price of petrol by Rs3.63 to Rs390.23 per litre, while increasing the price of high-speed diesel (HSD) by Re0.31 to Rs396.96 per litre, effective for Friday, October 16, 2026. According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal…
The Pakistani government has announced a reduction in the price of petrol by Rs3.63 to Rs390.23 per litre, effective for Friday, October 16, 2026. Simultaneously, the price of high-speed diesel (HSD) has been increased by Re0.31 to Rs396.96 per litre. These changes were made by the Oil and Gas Regulatory Authority (OGRA) under the federal government's petroleum pricing mechanism, in response to global events such as movements in Platts rates, premiums, and incidentals.
This adjustment follows a previous price hike of Rs1.20 for petrol and a decrease of Re0.17 for HSD, announced the previous day. Brent crude prices experienced a slight decline of over 1% due to factors including potential U.S. steps to ease restrictions on Russia's "shadow fleet" tankers, as well as ongoing tensions in the Middle East and Russian energy infrastructure strikes, which tempered the price drop.
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