Govt cuts petrol price by Rs7.06, diesel by Rs3.71 per litre
The government has cut the price of petrol by Rs7.06 per litre to Rs362.00, and high-speed diesel by Rs3.71 per litre to Rs387.81, effective November 5, 2026. The revised ex-depot prices were announced in a press release issued by the Oil and Gas Regulatory Authority (OGRA) on Wednesday. It said the revision was made under the petroleum products pricing mechanism approved by the federal…
The government has announced a reduction in the prices of petrol and high-speed diesel, effective November 5, 2026. Petrol prices have been cut by Rs7.06 per litre, bringing the ex-depot price to Rs362.00 per litre, down from the previous rate of Rs369.06. Similarly, high-speed diesel prices have been reduced by Rs3.71 per litre, resulting in an ex-depot price of Rs387.81 per litre, from the earlier rate of Rs391.52.
These changes were announced by the Oil and Gas Regulatory Authority (OGRA) in a press release. The revision is based on the petroleum products pricing mechanism approved by the federal government. Meanwhile, the global oil market experienced volatility on Wednesday as investors awaited developments in the US-Israeli conflict in Iran, following Democrats' gains in the midterm elections.
Brent crude futures fell 0.7% to $101.85 a barrel, while US West Texas Intermediate crude futures dropped 1.2% to $94.91.
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