Petrol Price Cut by Rs2.93, Diesel Hiked by 61 Paisas — New Rates Effective October 13, 2026

Islamabad, Oct 13, 2026 — Petrol has become cheaper for Pakistani consumers from today: the federal government has cut the price of petrol by Rs2.93 per litre, bringing it down to Rs395.37 from Rs398.30. High-speed diesel, on the other hand, has been hiked by Re0.61 per litre to Rs396.85 (from Rs396.24). The new rates are effective October 13, 2026, under the government’s new daily fuel-price review mechanism.

The revision was notified on Monday by the Petroleum Division on the recommendation of the Oil and Gas Regulatory Authority (Ogra), which now issues daily ex-depot prices of petroleum products. Petroleum Minister Ali Pervaiz Malik said the daily prices are based on a seven-day average of international market prices, in line with international practice.

New fuel prices effective October 13

The Petroleum Division attributed the adjustment to developments in international petroleum markets, including changes in Platts rates, premiums and incidentals. The revised rates remain effective for October 13 under the new daily framework.

Why the government moved to daily fuel pricing

Amid volatility in global oil rates on the back of renewed hostilities in the Middle East, the government decided to switch to a daily fuel price review mechanism — a first in the country’s history. The government had earlier introduced a weekly review system after conflict in the Middle East began in February, when Israel and the United States attacked Iran and Tehran shut the Strait of Hormuz, the main route for roughly a fifth of the world’s energy supplies. A fragile June truce between Tehran and Washington has since collapsed, reviving fears of full-scale war and disrupting energy flows through the strait. Before all this, petroleum rates were revised fortnightly.

An official document seen by Geo News revealed key details of the federal cabinet-approved petroleum pricing mechanism. Under the new framework:

• Ogra will issue daily ex-depot prices for petrol and high-speed diesel without requiring prior approval from the prime minister or the federal government.
• Prices will be determined using the average international market prices recorded over the previous seven days.
• Prices notified on Fridays will remain unchanged on Saturdays and Sundays.
• Ogra will publish daily Platts reference prices.
• The petroleum levy cannot exceed the limit approved by the federal cabinet; any change in the levy rate will require approval from the Finance Division.

What this means for consumers and transporters

Petrol is the fuel of daily life for motorcyclists and private car owners, so a Rs2.93 cut translates into real relief at the pump — a full 40-litre tank now costs about Rs117 less than yesterday. The cut follows Friday’s smaller reduction of Re0.66 per litre to Rs398.30.

Diesel is a different story. It powers trucks, buses and farm machinery, and the Re0.61 increase adds to operating costs for freight operators and public transport. The hike comes just a day after goods transporters announced a 5 per cent fare increase and warned of a nationwide strike when their 40-day postponement expires next week — read our full report on the transporters’ fare hike and strike warning. For daily updates, our live petrol and diesel price page tracks every revision.

Internationally, oil prices rose around 2 per cent on Monday to their highest in nearly two weeks as attacks on Saudi Arabia overshadowed expectations of increased supply. Brent crude futures climbed $2.04 to $106.76 a barrel, while US West Texas Intermediate gained $1.84 to $93.69.

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