ISLAMABAD: Pakistan’s government on Thursday increased the price of petrol by Rs2.31 per litre and diesel by Rs0.78 per litre, amid fluctuations in global oil prices.
Following the revision, petrol will be priced at Rs398.96 per litre, while high-speed diesel (HSD) will cost Rs395.72 per litre.
According to a press release issued by the Petroleum Division, the revised fuel prices will be applicable from October 9.
The government has revised the prices of petroleum products for Friday
@Official_PetDiv
#RadioPakistan #News
https://t.co/WRP4vEHOEM https://t.co/nGfR6OtrcK— Radio Pakistan (@RadioPakistan) October 8, 2026
The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
Pakistan’s daily fuel price mechanism
On July 17, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.
Prior to this, the government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East.
The federal government in April also announced targeted relief measures to provide subsidised fuel.
The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (OGRA) the responsibility of deciding fuel prices on a daily basis based on international market trends.
Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.
Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants, and large generators.
Oil rises with Middle East supply risks, shipping attacks
Oil prices rose on Thursday as attacks on commercial shipping in the Gulf and Strait of Hormuz intensified concerns over the security of Middle East oil supplies, offsetting pressure from increased strategic stock releases.
ALSO READ: Oil Rises With Middle East Supply Risks, Shipping Attacks
Brent crude futures rose $1.33, or 1.33 per cent, to $101.53 a barrel by 0116 GMT, while US West Texas Intermediate (WTI) crude gained $1.11, or 1.26 per cent, to $89.39. Both benchmarks had settled lower on Wednesday, with Brent at $100.20 and WTI at $88.28.
The latest gains tracked growing risks to oil shipments against evidence that Middle Eastern producers are continuing to export substantial volumes.
The Strait of Hormuz, a critical waterway between the Arabian Gulf and the Gulf of Oman, carried shipments equivalent to about 20 per cent of global oil and fuel supplies before the war.
