{
  "id": 15008164,
  "title": "Govt drops petrol price by Rs3.93 per litre, high-speed diesel rate unchanged",
  "url": "https://urgent.news/2026/10/16/govt-drops-petrol-price-by-rs3-93-per-litre-high-speed-diesel-rate",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T17:48:28.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2037627/govt-drops-petrol-price-by-rs393-per-litre-high-speed-diesel-rate-unchanged"
  },
  "original_language": "en",
  "account": "On Friday, the government reduced the price of petrol by Rs3.93 per litre, but kept the price of high-speed diesel (HSD) the same at Rs396.96. Consequently, petrol will now retail at Rs386.30 per litre. The government retains a tax and duty rate of Rs114 per litre for petrol and Rs100 per litre for diesel. The revised prices take effect from October 17 (Saturday) to October 19 (Monday). The HSD price has fallen from its April 3 peak of Rs520.35, having begun its climb to Rs281 per litre following the February 28 US-Iran war. Petrol's price peaked at Rs458.41 on April 3 after starting its rise from Rs266 in early March. In response to rising fuel prices due to the Middle East conflict, the government has reintroduced austerity measures. Markets must close by 9pm, and fuel allocations for official vehicles have been cut by 50% for three months. Prime Minister Shehbaz Sharif announced a \"relief scheme\" for motorcycle, auto, and 800cc vehicle users to offset the burden of rising global oil prices. On July 17, Petroleum Minister Ali Pervaiz Malik announced daily fuel price fixes due to international market price fluctuations following renewed Iran-US hostilities. Previously, weekly fuel price revisions by the government began in early March alongside fuel conservation measures amid possible oil supply disruptions due to the Middle East conflict. In April, the federal government also announced targeted relief measures, entrusting the Oil and Gas Regulatory Authority (Ogra) with daily fuel price decisions based on international market trends. Petrol primarily fuels private transport, small vehicles, rickshaws, and two-wheelers, impacting the middle and lower-middle classes. Diesel affects the public at large, as it powers heavy transport, power plants, and large generators. Petrol and HSD are major revenue sources, with monthly sales of 700,000 to 800,000 tonnes versus just 10,000 tonnes for kerosene.",
  "summary": null,
  "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."
}