Govt reduces petrol price by Rs3.93, keeps diesel unchanged
The government on Friday reduced the price of petrol by Rs3.93 to Rs386.30 per litre, while keeping the price of high-speed diesel (HSD) unchanged at Rs396.96 per litre. The new prices will remain in effect from October 17 to October 19, 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…
On Friday, the government decreased the price of petrol by Rs3.93, bringing it to Rs386.30 per litre, while leaving the price of high-speed diesel (HSD) unchanged at Rs396.96 per litre. These new prices will be in force from October 17 to October 19, 2026. The Petroleum Division disclosed this in a press release, stating that the Oil and Gas Regulatory Authority (OGRA) adjusted the ex-depot prices of petroleum products according to the federal government's petroleum pricing mechanism.
The revision was attributed to global developments, such as changes in Platts rates, premiums, and incidentals. The Petroleum Division clarified that this latest revision will apply for three days, including the weekend. Earlier, on Wednesday, the government had lowered the petrol price by Rs3.63 to Rs390.23 per litre and raised the HSD price by Re0.31 to Rs396.96 per litre.
Oil prices remained steady on Friday, with expectations of weekly gains due to uncertainty about Middle East supplies and an increased US crude stockpile draw. Brent crude futures rose by 36 cents, or 0.34%, to $106.28 a barrel, while US West Texas Intermediate crude futures fell by 19 cents, or 0.19%, to $97.78.
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