Petrol Price Cut to Rs374.51, Diesel to Rs395.20 From November 3, 2026

Petrol and diesel prices for November 5, 2026

Petrol becomes cheaper by Rs7.06 per litre to Rs362.00 and high-speed diesel by Rs3.71 to Rs387.81, effective Thursday, 5 November 2026. The Oil and Gas Regulatory Authority (OGRA) announced the revised ex-depot prices in a notification on Wednesday, 4 November, under the federal government’s approved petroleum pricing mechanism. The new rates apply for 5 November only under the daily price-review mechanism: petrol falls from Rs369.06 to Rs362.00 per litre, and diesel from Rs391.52 to Rs387.81 per litre. This is the third consecutive sharp reduction since the government moved to the new price-determination formula.

Update — November 4 Rates: Petrol Rs369.06, Diesel Rs391.52

The government has revised fuel prices again for Wednesday, November 4, 2026 — the second change in two days under the new daily pricing mechanism. According to the OGRA notification, as reported by Dawn and The Express Tribune, petrol falls by Rs5.45 per litre to Rs369.06 and high-speed diesel falls by Rs3.68 per litre to Rs391.52, effective November 4.

The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. Under the 30-day arrangement announced on Monday, oil refineries will contribute a cumulative Rs15 billion impact to the petroleum levy, with the benefit passed to consumers. The cut follows the previous day’s reduction — petrol by Rs3.40 and diesel by Rs7.76 — and comes as international oil prices eased on hopes of progress in US-Iran talks. Note: a few outlets carried a different diesel figure for November 4; the rates above follow Dawn and The Express Tribune’s reading of the OGRA notification, and the arithmetic from the November 3 baseline (Rs395.20 minus Rs3.68) confirms Rs391.52.

Fuel is getting cheaper from tomorrow. The federal government has cut petrol by Rs3.40 per litre and high-speed diesel (HSD) by Rs7.76 per litre, with the new rates taking effect from Tuesday, November 3, 2026. Petrol will now sell at Rs374.51 per litre, down from Rs377.91, while diesel drops to Rs395.20 per litre from Rs402.96. The Oil and Gas Regulatory Authority (OGRA) announced the revision on Monday, November 2, under the federal government’s petroleum pricing mechanism — and because Pakistan has now moved to daily price reviews, another determination is already due on November 4, so this relief is priced for a single day, not a fortnight.

Key facts

What changes at the pump from November 3

The headline numbers are simple, and they are the ones that matter for your next fill-up. A litre of petrol costs Rs3.40 less than it did on November 2, and a litre of high-speed diesel — the fuel that powers trucks, buses, tractors and much of Pakistan’s goods transport — costs Rs7.76 less. For a 40-litre petrol tank, that is a saving of Rs136 on a full fill; for a diesel vehicle taking 60 litres, the saving is Rs465.60 against the November 2 rate.

These are ex-depot prices set under the federal government’s prescribed pricing mechanism, which tracks international oil market movements. OGRA said the latest adjustment reflects changes in international Platts prices, premiums and other incidental costs — the same formula that produced Friday’s revision, when diesel was raised by Rs2.29 per litre to Rs402.96 while petrol was left unchanged at Rs377.91.

The daily pricing twist: why November 3 is not a fortnight rate

There is one important difference between this revision and the fuel announcements most Pakistanis are used to. The government has adopted a daily fuel price review mechanism, and OGRA has begun publishing daily petroleum prices on its website so that changes in international oil prices reach consumers more quickly. Petroleum Minister Ali Pervaiz Malik has said the daily prices are based on a seven-day average of international market prices.

What that means in practice: the November 3 rates are the rates for November 3, with another price determination due on November 4. If international prices move, pump prices can move again the next day. Drivers and transporters should therefore check the rate on the day they fill up rather than assuming the November 3 price will hold for two weeks, as fortnightly revisions used to.

Why the government says petrol is cheaper than it “should” be

At a press conference in Islamabad on Monday, Petroleum Minister Ali Pervaiz Malik outlined a refinery-backed arrangement that, the government says, keeps petrol approximately Rs15 per litre below the price that prevailing international costs would otherwise require. The arrangement will cost domestic refineries roughly Rs15 billion each month, according to the minister — the cost of cushioning consumers against soaring international fuel costs.

That context matters for anyone wondering whether the cut could have been bigger. The official line is that without the refinery arrangement, petrol would be sitting closer to Rs390 per litre at current international prices. Whether that cushion holds, and what the November 4 determination brings, will be the next test of the daily mechanism.

What this means for transport and household budgets

Diesel is the bigger story in this revision, even though petrol gets more attention. A Rs7.76 cut in HSD directly lowers the running cost of goods transport, public transport and farm machinery. In past cycles, transporters have passed diesel changes through to fares and freight charges — sometimes quickly, sometimes after a lag — so commuters and businesses should watch for fare announcements in the coming days.

For households, the immediate effect is modest but real: a small saving on every petrol fill and, if transport costs ease, some relief on the prices of goods carried by road. The honest caveat is the daily mechanism itself — a one-day rate can reverse just as fast as it arrived, so the saving is certain for November 3 and uncertain beyond it.

How to check the rate before you fill up

Under the daily mechanism, the safest habit is a 30-second check before heading to the pump: OGRA now publishes daily petroleum prices on its website, and the November 3 notification is the reference for tomorrow’s rates. If you are filling up on November 4 or later, look for that day’s determination rather than relying on this article’s November 3 figures. We will update this page when the next determination is announced.

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