Govt cuts petrol price by Rs5.45, diesel's by Rs3.68 per litre
Pakistan government decreased on Tuesday the price of petrol by Rs5.45 to Rs369.06 per litre, and diesel by Rs3.68 to Rs391.52 per litre, effective November 4, 2026. According to a press release issued by the Oil and Gas Regulatory Authority (OGRA), the regulator revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. On Monday, the government…
On Tuesday, the Pakistani government made significant adjustments to the pricing of petrol and diesel. The cost of petrol was reduced by Rs5.45, bringing the price per litre down to Rs369.06. Similarly, the price of diesel was cut by Rs3.68, resulting in a new rate of Rs391.52 per litre. These changes, effective November 4, 2026, were announced in a press release by the Oil and Gas Regulatory Authority (OGRA), which oversees petroleum pricing in the country.
The reduction in petrol prices was initially announced on Monday, with a further decrease of Rs3.40, bringing the price to Rs374.51 per litre. On the same day, the government also decreased the price of high-speed diesel (HSD) by a larger margin of Rs7.76, reducing it to Rs395.20 per litre.
Global oil prices experienced a decline of approximately 2%, reaching a three-week low, as markets reacted to ongoing negotiations aimed at resolving conflicts in Ukraine and Iran. Concerns about potential supply disruptions due to recent attacks in both conflicts also influenced the market sentiment. Additionally, the upcoming American midterm elections, which took place on Tuesday, added another layer of uncertainty to the global oil market.
Polls and analysts suggest that Democrats are likely to gain control of the House of Representatives, while the outcome of the Senate remains uncertain.
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