Govt cuts petrol price by Rs3.93 per litre

Dawn · 16/10/2026، 6:08:09 PM

Pakistan fuel prices, 2026 Official ex-depot prices (PKR/litre) — OGRA & Ministry of Energy notifications Petrol (MS-92) Diesel (HSD) Pre-crisis baseline Source: OGRA / Ministry of Energy (Petroleum Division); Dawn.com · " style="width: 100%; min-height: 50px; max-height: 30000px; border: none; overflow: hidden; display: block;" scrolling="no"> The government on Friday reduced the price of petrol by Rs3.93 per litre, but left that of high-speed diesel (HSD) unchanged at Rs396.96. Following the revision, petrol will retail at Rs386.30 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices are applicable from Oct 17 (Saturday) to Oct 19 (Monday). 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. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Meanwhile, the government has reintroduced a raft of austerity measures in response to rising fuel prices amid the ongoing Middle East conflict. Under these measures, markets are required to close by 9pm and fuel allocations for official vehicles has been cut by 50 per cent for three months. On September 13, Prime Minister Shehbaz Sharif also announced a “ relief scheme ” for users of motorcycles, autos and vehicles of up to 800cc to “alleviate the burden” of rising global oil prices. Previously, 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