The government raises petrol by Rs2.31 per litre and high-speed diesel by Rs0.78 under the daily fuel pricing mechanism.
ISLAMABAD: The federal government has increased the price of petrol by Rs2.31 per litre and high-speed diesel (HSD) by Rs0.78 per litre, following changes in international oil prices.
Under the revised rates effective October 9, 2026, petrol is available at Rs398.96 per litre, while high-speed diesel costs Rs395.72 per litre, according to a notification issued by the Petroleum Division.
The latest adjustment reflects movements in global petroleum markets amid renewed hostilities in the Middle East and concerns over potential disruptions to international energy supplies.
Latest petrol and diesel prices in Pakistan
According to the revised petroleum prices, the rates effective October 9 are as follows:
• Petrol: Rs398.96 per litre, up Rs2.31 from Rs396.65.
• High-speed diesel: Rs395.72 per litre, up Rs0.78 from Rs394.94.
The Oil and Gas Regulatory Authority (Ogra) has also started publishing daily petroleum prices on its website to improve transparency and enable international price changes to be passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily rates are calculated using a seven-day average of international market prices, in line with international practice.
How Pakistan’s daily fuel pricing system works
Under the federal cabinet-approved framework, Ogra will determine and announce daily ex-depot prices for petrol and high-speed diesel without requiring prior approval from the prime minister or the federal government for each revision.
The framework provides for daily publication of Platts reference prices from July 1, 2026. Prices announced on Fridays will remain unchanged on Saturdays and Sundays.
The mechanism also places limits on changes to the petroleum levy. The levy cannot exceed the ceiling approved by the federal cabinet, while any revision to its rate requires approval from the Finance Division.
Previously, Pakistan revised petroleum prices fortnightly before moving to a weekly review system following the outbreak of conflict in the Middle East on February 28, 2026. The government subsequently adopted daily price reviews amid volatility in global oil markets.
Middle East tensions keep oil markets volatile
International oil prices have remained sensitive to developments involving Iran, Israel and the United States, particularly concerns about energy shipments through the Strait of Hormuz.
The strategic waterway is a major route for global oil and gas supplies. Any disruption can push international prices higher and increase the cost of petroleum imports for countries such as Pakistan.
Further increases in global oil prices could raise domestic transport and production costs, adding pressure on consumers and inflation.