Petrol Price in Pakistan Today: Petrol Rs335, Diesel Rs364 After Fresh Cut
By Bilal Ahmed | 12 November 2026 Petrol is cheaper again in Pakistan today. The government has cut the price of petrol by Rs3 per litre to Rs335 and high-speed diesel by Rs7 to Rs364, effective Thursday, 12 November 2026. The new rates were announced in a notification from the Oil and Gas Regulatory Authority…
By Bilal Ahmed | 12 November 2026
Petrol is cheaper again in Pakistan today. The government has cut the price of petrol by Rs3 per litre to Rs335 and high-speed diesel by Rs7 to Rs364, effective Thursday, 12 November 2026. The new rates were announced in a notification from the Oil and Gas Regulatory Authority (OGRA) on Wednesday evening, and they replace the rates announced for 11 November.
This is the latest cut in a run of reductions since the start of November, under the daily price-review mechanism the government introduced in July. Petrol has now fallen by about Rs60 a litre in a month — from Rs395.37 on 13 October to Rs335 today.
Key Facts
| Claim | Detail | Status |
|---|---|---|
| Petrol, 12 November | Rs335 per litre (down Rs3 from Rs338) | Confirmed |
| High-speed diesel, 12 November | Rs364 per litre (down Rs7 from Rs371) | Confirmed |
| Effective date | Thursday, 12 November 2026 | Confirmed |
| Announced by | OGRA notification, Wednesday evening | Confirmed |
| Taxes on petrol | Rs114 per litre in taxes and duties | Confirmed |
| Taxes on diesel | Rs100 per litre in levy and duties | Confirmed |
| Price mechanism | Daily review by OGRA since 17 July | Confirmed |
New Fuel Rates for 12 November
| Fuel | Old price | New price | Change |
|---|---|---|---|
| Petrol | Rs338 | Rs335 | –Rs3 |
| High-speed diesel | Rs371 | Rs364 | –Rs7 |
The revised ex-depot prices were determined under the petroleum products pricing mechanism approved by the federal government, according to OGRA’s press release. The rates apply for 12 November under the existing daily pricing arrangement — they are not a weekly or fortnightly fix, and tomorrow’s rates will be set afresh.
Successive Cuts Since November 2
This is not a one-off reduction. The government has cut fuel prices repeatedly since 2 November, passing on relief as international oil market conditions change. On Tuesday, petrol was cut by Rs8 to Rs338 and diesel by Rs7 to Rs371; Wednesday’s notification cuts both again. The pattern is the direct result of the daily review system: OGRA now publishes petroleum prices daily on its website, so changes in international prices reach consumers more quickly than under the old fortnightly cycle.
The contrast with a month ago is stark. On 13 October, petrol cost Rs395.37 a litre. Today’s Rs335 is Rs60.37 lower — a drop of more than 15% in a month. Diesel has fallen from Rs396.85 on 13 October to Rs364 today.
Taxes, Levy and the Refinery Contribution
Consumers still pay heavy taxes on every litre. Taxes and duties on petrol stand at Rs114 per litre, while the levy and duties on diesel are Rs100 per litre. That means more than a third of the petrol price at the pump is tax.
Under an arrangement announced on 2 November for a period of 30 days, oil refineries are contributing a combined Rs15 billion towards the petroleum levy. The contribution is part of how the government has been able to pass on the recent cuts while keeping the levy intact.
Fuel Relief Scheme for Small Vehicles
The Prime Minister’s Fuel Relief Scheme, launched nationwide on 17 September, continues to provide subsidised fuel to owners of motorcycles, rickshaws and vehicles with engine capacities of up to 800cc. The scheme is aimed at the households hit hardest by fuel costs, and it runs alongside the general price cuts announced under the daily mechanism.
For the latest rates every day, the place to check is the petrol price in Pakistan hub, which tracks the daily OGRA revisions. The previous revision — the 13 October rates — is covered in the petrol and diesel price update for 13 October. Rising fuel costs have also pushed transporters to act: the goods transporters’ fare hike and strike warning explains how the industry is responding.
What It Means for You
For a motorcyclist filling a 10-litre tank, today’s cut saves Rs30 on petrol compared with yesterday. For a car owner filling 40 litres, it saves Rs120. Diesel users save more per litre: a truck filling 100 litres of diesel pays Rs700 less than yesterday. The savings are modest per fill, but the cumulative fall since October is real money for daily commuters and transporters alike.
The daily mechanism cuts both ways, though. Prices can rise just as quickly as they fall if international oil prices move up, so today’s rates are only guaranteed for today. Check the rate before a long trip or a bulk purchase, and remember that the relief scheme — not the headline price — is what protects the smallest vehicles.
Frequently Asked Questions
What is the petrol price in Pakistan today, 12 November 2026?
Petrol costs Rs335 per litre on 12 November 2026, down Rs3 from Rs338. High-speed diesel costs Rs364 per litre, down Rs7 from Rs371.
Why did petrol and diesel prices fall?
OGRA revised the prices under the government’s daily pricing mechanism, reflecting changes in international oil prices, Platts rates and premiums. The government has been passing on relief through successive cuts since 2 November.
How long will the new prices last?
The revised rates apply for 12 November 2026. Under the daily review mechanism in place since 17 July, OGRA sets prices afresh each day, so tomorrow’s rates may differ.
How much tax is included in the petrol price?
Consumers pay Rs114 per litre in taxes and duties on petrol and Rs100 per litre in levy and duties on diesel, according to the government.
What is the Prime Minister’s Fuel Relief Scheme?
Launched nationwide on 17 September, the scheme provides subsidised fuel to owners of motorcycles, rickshaws and vehicles with engine capacities of up to 800cc.
How much has petrol fallen in the last month?
Petrol has fallen from Rs395.37 a litre on 13 October to Rs335 on 12 November — a drop of Rs60.37, or more than 15%, in a month.
Bilal Ahmed covers business and the economy for TimelyUps. Rates are from the OGRA notification of 11 November 2026, as reported by Dawn, Geo, Business Recorder, Aaj, The Nation and Profit.
