Petrol price has been reduced to Rs338 per litre and high-speed diesel to Rs371 for November 11, providing fresh relief to consumers.

The Oil and Gas Regulatory Authority (OGRA) has reduced the prices of petrol and high-speed diesel (HSD) by Rs8 and Rs7 per litre, respectively, effective November 11, 2026.

According to a notification issued by OGRA on Tuesday, the new price of petrol has been fixed at Rs338 per litre, while high-speed diesel will be available at Rs371 per litre.

The latest reduction follows an earlier government decision to cut petrol prices by Rs6.59 per litre and HSD by Rs4.25 per litre for the November 7-10 period.

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

Pakistan introduced a new petroleum pricing mechanism on July 17, under which fuel prices are reviewed and notified daily, replacing the previous weekly pricing system. The move was aimed at responding more quickly to fluctuations in international oil markets amid renewed tensions between the United States and Iran.

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

The scheme was designed to benefit an estimated 11.8 million people, including 10 million motorcycle users, 800,000 three-wheeler owners and one million small-car users.

Motorcycle and rickshaw users are eligible for relief on up to 20 litres per month, with a maximum benefit of Rs2,000. Owners of eligible small cars can receive relief on 30 litres monthly, up to Rs3,000.