Govt increases diesel price by Rs2.16, petrol by Rs1.54 per litre
Pakistan government increased on Monday the price of high-speed diesel (HSD) by Rs2.16 per litre and petrol by Rs1.54 per litre. 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 government’s petroleum pricing mechanism. Following the revision, the price of HSD was…
On Monday, the Pakistani government announced a price hike for high-speed diesel (HSD) and petrol. According to a press release from the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government's pricing mechanism. The HSD price rose from Rs393.66 to Rs395.82 per litre, while petrol increased from Rs377.71 to Rs379.25 per litre.
The new prices will take effect from Tuesday, October 27, 2026. OGRA stated that the price adjustments were prompted by global developments, including fluctuations in Platts rates, premiums, and incidentals. Earlier on Friday, the government had raised the HSD price by Rs1.91 per litre, leaving the petrol price unchanged. Globally, oil prices experienced a $2 drop per barrel on Monday due to hopes of resolving tensions between the United States and Iran.
However, ongoing attacks on a major oil producer, Saudi Arabia, kept investors cautious, and prices hovered near six-month highs. Brent crude futures dropped $2.03, or 1.7%, to $114.70 per barrel, while US West Texas Intermediate crude futures fell $2.60, or 2.5%, to $100.71 per barrel. On Friday, prices had jumped more than $3, with Brent ending the week up 6% and WTI increasing 2.3%.
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