Petrol price rises by Rs1.19 per litre, while high-speed diesel becomes Rs1.91 cheaper from October 7
ISLAMABAD: The government has increased the price of petrol by Rs1.19 per litre while reducing the price of high-speed diesel (HSD) by Rs1.91 per litre under the newly introduced daily petroleum pricing mechanism.
According to a notification issued by the Petroleum Division, petrol will now cost Rs394.83 per litre, compared with Rs393.64 previously. The price of HSD has been reduced from Rs397.76 to Rs395.85 per litre.
The revised prices will take effect on October 7, 2026.
Revised petroleum prices
• Petrol: Rs394.83 per litre, up Rs1.19
• High-speed diesel: Rs395.85 per litre, down Rs1.91
The Oil and Gas Regulatory Authority (OGRA) has started publishing daily petroleum prices on its website as part of efforts to improve transparency and ensure changes in international oil prices are reflected more quickly in domestic fuel rates.
Petroleum Minister Ali Pervaiz Malik said the daily pricing mechanism is based on a seven-day average of international oil prices, consistent with international pricing practices.
The shift to daily reviews comes amid continued volatility in global oil markets following renewed tensions in the Middle East and concerns over disruptions to energy supplies through the Strait of Hormuz.
Under the new framework approved by the federal cabinet, OGRA is authorised to determine and announce daily ex-depot prices for petrol and HSD without seeking prior approval from the prime minister or federal government.
However, prices notified on Fridays will remain unchanged during Saturday and Sunday.
The framework also provides for the publication of daily Platts reference prices. The petroleum levy cannot exceed the ceiling approved by the federal cabinet, while any change in the levy rate requires approval from the Finance Division.
The government previously followed a fortnightly fuel pricing system before moving to more frequent reviews amid heightened international oil market volatility.
The daily mechanism is intended to allow domestic petroleum prices to respond more promptly to fluctuations in international crude and product prices while providing consumers with greater visibility of the pricing process.