Govt raises diesel price by Rs1.64, cuts petrol by Rs1.60 per litre
The government has increased the price of high-speed diesel (HSD) by Rs1.64 per litre and reduced petrol price by Rs1.60 per litre, effective October 23, 2026. According to a press release issued by the Petroleum Division on Thursday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. Following…
On October 23, 2026, the government announced changes to the prices of high-speed diesel (HSD) and petrol. Diesel prices increased by Rs1.64 per litre, reaching Rs391.75 per litre, while petrol prices dropped by Rs1.60 per litre, dropping to Rs377.71 per litre. The revisions were made by the Oil and Gas Regulatory Authority (OGRA) under the federal government’s petroleum pricing mechanism.
The changes were effective immediately and will apply to the upcoming month. Prior to the revision, HSD was priced at Rs390.11 per litre and petrol at Rs379.31 per litre. Earlier on Wednesday, the government had already adjusted the prices, reducing the petrol price by Rs2.71 to Rs379.31 per litre and increasing the diesel price by Re0.31 to Rs390.11 per litre.
Global oil prices saw a rise of approximately 2%, hitting a five-month high following Houthi attacks in Saudi Arabia, which raised concerns about potential disruptions to energy supplies from the region. Brent futures increased by $2.42, or 2.2%, to $111.24 a barrel, while US West Texas Intermediate (WTI) crude rose by $1.14, or 1.2%, to $98.29. The surge in oil prices pushed Brent into technically overbought territory for the third time in a week and set it for its highest close since May 18.
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