{
  "id": 12203839,
  "title": "Govt hikes petrol price by Re0.88, cuts diesel by Rs1.88 per litre",
  "url": "https://urgent.news/2026/10/05/govt-hikes-petrol-price-by-re0-88-cuts-diesel-by-rs1-88-per-litre",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T17:45:42.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442748/govt-hikes-petrol-price-by-re088-cuts-diesel-by-rs188-per-litre"
  },
  "original_language": "en",
  "account": "On October 6, 2026, the federal government increased the price of petrol by Re0.88 per litre, raising its cost to Rs393.64, while decreasing the price of high-speed diesel by Re1.88 per litre to Rs397.76. According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) adjusted the ex-depot prices of petroleum products under the government's pricing mechanism. The reduction in diesel price, from Rs399.64 to Rs397.76, was influenced by global factors such as changes in Platts rates, premiums, and incidentals. Earlier in the week, the government had raised the price of petrol by Rs2.10 per litre and high-speed diesel by Re0.30 per litre. Oil prices declined on Monday due to increased Middle Eastern crude exports and a G7 pledge to boost supplies, though sales were limited by concerns over the US-Israeli war on Iran. By 12:00 p.m. ET, Brent crude futures were trading at $101.15 a barrel, down 1.08%, and US West Texas Intermediate crude was down 0.98%, at $90.22. The G7 nations had previously agreed to release 100 million barrels of diesel and crude from emergency reserves and pledged to avoid energy export restrictions in response to pressure from US President Donald Trump.",
  "summary": "The federal government on Monday reduced the price of high-speed diesel (HSD) by Rs1.88 per litre to Rs397.76, while increasing petrol price by Re0.88 to Rs393.64 for October 6, 2026. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism, according to the Petroleum Division. The price of diesel has been…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}