The revised rates bring petrol to Rs335 and high-speed diesel to Rs364 per litre under the government’s daily fuel pricing mechanism.

The federal government on Wednesday reduced the price of petrol by Rs3 per litre and high-speed diesel (HSD) by Rs7 per litre, effective November 12, 2026.

According to a notification issued by the Petroleum Division, the new price of petrol has been fixed at Rs335 per litre, while high-speed diesel will be available at Rs364 per litre.

The latest adjustment follows another reduction announced a day earlier, when the government cut petrol prices by Rs8 per litre and diesel prices by Rs7 per litre for November 11.

On November 2, the government announced that oil refineries would bear an estimated financial burden of Rs15 billion per month to keep petrol prices around Rs15 per litre below international market levels amid volatility caused by the US-Israeli war on Iran.

Earlier, on July 17, the government introduced a daily petroleum pricing mechanism, replacing the previous weekly review system. Under the new arrangement, petroleum product prices are reviewed and notified daily in response to fluctuations in international oil markets and fuel supply conditions.

Meanwhile, Prime Minister Shehbaz Sharif announced a special fuel relief scheme on September 13, offering a subsidy of Rs100 per litre for motorcycles, three-wheeler rickshaws and cars with engine capacities of up to 800cc.

The initiative aims to provide relief to lower-income consumers facing rising transportation and fuel expenses.