ISLAMABAD: Pakistan’s government on Friday slashed the price of petrol by Rs3.93 per litre while keeping the price of high-speed diesel unchanged, amid fluctuations in global oil prices.
Following the latest price revision, petrol will be priced at Rs386.30 per litre, while high-speed diesel will retain its rate of Rs396.96 per litre.
According to a press release issued by the Petroleum Division, the revised fuel prices will be applicable from October 17.
The government has revised the prices of petroleum products for the next three days
@Official_PetDiv #News #RadioPakistan
https://t.co/XZaq1EJ6JU— Radio Pakistan (@RadioPakistan) October 16, 2026
Pakistan’s government on Thursday reduced the price of petrol by Rs3.63 per litre while increasing diesel by Rs0.31 per litre.
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 prices slip despite supply risks
Oil prices edged lower in early Asian trading on Friday as plans to release emergency supplies and possible easing of US tanker restrictions countered concerns over disrupted shipments and persistent security risks in the Middle East.
Brent crude futures fell 41 cents, or 0.39 per cent, to $105.51 a barrel by 0012 GMT, while US West Texas Intermediate (WTI) crude futures declined 54 cents, or 0.55 per cent, to $97.43.
ALSO READ: Oil Prices Slip Despite Supply Risks Keep Brent Above $105
The early losses followed a mixed session on Thursday, when Brent settled 14 cents lower at $105.92, while WTI gained $2.88, or 3.03 per cent, to close at $97.97.
The contrasting moves reflected competing pressures: concerns over oil and refined fuel supply continue to support prices. However, supply-increasing measures are limiting further gains.
