Petrol rises to Rs396.65 per litre while high-speed diesel falls to Rs394.94 under the new daily fuel pricing mechanism.
ISLAMABAD: The government has increased the price of petrol by Rs1.82 per litre while reducing the price of high-speed diesel (HSD) by 91 paisas per litre, following movements in international oil prices.
Under the latest revision, petrol will be available at Rs396.65 per litre, compared with Rs394.83 previously. The price of HSD has been reduced from Rs395.85 to Rs394.94 per litre.
According to a Petroleum Division notification, the revised prices will remain effective for October 8, 2026.
The Oil and Gas Regulatory Authority (OGRA) has also started publishing daily petroleum prices on its website as part of efforts to improve transparency and ensure international oil price movements are passed on to consumers more quickly.
Revised fuel prices
| Product | Previous price | New price | Change |
| Petrol | Rs394.83 | Rs396.65 | +Rs1.82 |
| High-speed diesel | Rs395.85 | Rs394.94 | -Rs0.91 |
Daily fuel pricing mechanism
The latest adjustment comes amid continued volatility in global oil prices linked to renewed tensions in the Middle East.
The government introduced a weekly fuel price review mechanism after the escalation of the regional conflict, replacing the previous fortnightly review system. It has now moved towards daily petroleum price adjustments to respond more rapidly to international market movements.
Under the federal cabinet-approved framework, OGRA is authorised to determine and announce daily ex-depot prices for petrol and HSD based on the average international market prices recorded during the preceding seven days.
The regulator can announce daily prices without prior approval from the prime minister or federal government. However, prices notified on Fridays will remain unchanged during Saturday and Sunday.
The framework also requires OGRA to publish daily Platts reference prices, with the mechanism applying from July 1, 2026.
The petroleum levy cannot exceed the limit approved by the federal cabinet. Any change in the levy rate requires approval from the Finance Division.
The daily pricing system is aimed at improving transparency while allowing domestic fuel prices to respond more closely to international oil market developments.