Petrol prices have been cut by Rs3 and high-speed diesel by Rs4 per litre, with revised rates effective from November 13 under the daily fuel pricing mechanism.

ISLAMABAD: The federal government on Thursday announced a reduction of Rs3 per litre in petrol prices and Rs4 per litre in high-speed diesel (HSD) rates, providing some relief to consumers.

Following the latest revision, petrol will be available at Rs332 per litre, down from Rs335, while high-speed diesel will cost Rs360 per litre compared with the previous rate of Rs364.

According to the Oil and Gas Regulatory Authority (OGRA), the revised petroleum prices will take effect from November 13, 2026.

Revised petroleum prices

Product	Previous price	New price	Reduction
Petrol	Rs335	Rs332	Rs3
High-speed diesel	Rs364	Rs360	Rs4

OGRA has also started publishing daily petroleum prices on its website to improve transparency and ensure that fluctuations in international oil markets are passed on to consumers more quickly.

The government adopted 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 before the government introduced weekly reviews after the regional conflict began on February 28.

The conflict, involving Israel, the United States and Iran, disrupted energy supplies and raised concerns over the Strait of Hormuz, a critical shipping route that handled around one-fifth of global energy supplies before the war.

Tensions have increased following the collapse of a fragile June truce between Tehran and Washington, renewing concerns about further disruptions to international oil flows.