The government sets petrol at Rs398.30 per litre and high-speed diesel at Rs396.24 under the daily fuel pricing mechanism.
ISLAMABAD: The government of Pakistan has reduced the petrol price by 66 paisas per litre while increasing the rate of high-speed diesel (HSD) by 52 paisas for the three-day period from October 10 to October 12, 2026.
According to a notification issued by the Petroleum Division on Friday, petrol will be available at Rs398.30 per litre, down from Rs398.96, while the price of high-speed diesel has been raised to Rs396.24 per litre from Rs395.72.
The latest adjustment follows movements in international oil prices amid continued volatility in global energy markets.
Revised Petrol and Diesel Prices
| Petroleum product | Previous price | Revised price | Change per litre |
| Petrol | Rs398.96 | Rs398.30 | -Rs0.66 |
| High-speed diesel | Rs395.72 | Rs396.24 | +Rs0.52 |
The revised rates will remain effective until October 12 under the government’s daily petroleum pricing mechanism.
The Oil and Gas Regulatory Authority (OGRA) has also begun publishing daily petroleum prices on its website to improve transparency and enable international oil price movements to be reflected in domestic fuel rates more quickly.
Petroleum Minister Ali Pervaiz Malik said daily prices were being calculated using a seven-day average of international market prices, in line with international practice.
Government Introduces Daily Fuel Price Reviews
The government shifted to a daily fuel price review mechanism amid volatility in global oil markets following renewed hostilities in the Middle East.
Previously, petroleum prices were revised fortnightly. After the regional conflict began on February 28, the government moved to weekly reviews before introducing the daily pricing framework.
The conflict disrupted energy markets and heightened concerns over supplies through the Strait of Hormuz, a critical shipping route that handled around one-fifth of global oil and liquefied natural gas flows before the war.
Renewed tensions following the collapse of a fragile ceasefire between Tehran and Washington have added to uncertainty over regional energy supplies and international petroleum prices.
How the Daily Pricing Mechanism Works
Under the federal cabinet-approved framework, OGRA determines daily ex-depot prices for petrol and high-speed diesel using average international market prices recorded over the preceding seven days.
The regulator can announce daily prices without obtaining prior approval from the prime minister or the federal government. However, prices notified on Fridays remain unchanged on Saturdays and Sundays.
The framework also provides for OGRA to publish daily Platts reference prices from July 1, 2026.
The petroleum levy cannot exceed the limit approved by the federal cabinet, while any change in the levy rate requires approval from the Finance Division.
The revised rates reflect the government’s move towards more frequent fuel price adjustments, allowing domestic prices to respond more quickly to changes in international petroleum markets.