Petrol Cut by Rs3.93/L to Rs386.30, Diesel Unchanged — New Rates for Oct 17–19
The petrol price in Pakistan has been cut by Rs3.93 per litre to Rs386.30/L, while high-speed diesel is unchanged at Rs396.96/L. The new rates take effect from October 17, 2026 and hold through October 19 (Saturday to Monday), covering the whole weekend. The cut was announced on Friday evening by the Petroleum Division after OGRA…
The petrol price in Pakistan has been cut by Rs3.93 per litre to Rs386.30/L, while high-speed diesel is unchanged at Rs396.96/L. The new rates take effect from October 17, 2026 and hold through October 19 (Saturday to Monday), covering the whole weekend. The cut was announced on Friday evening by the Petroleum Division after OGRA revised the ex-depot prices. What it means for your tank, why the cut happened, and when the next revision comes — all explained below.
Petrol and diesel price in Pakistan today: the new rates
Here is the full picture after the Petroleum Division’s notification of October 16, 2026. OGRA revised the ex-depot prices of petroleum products in line with the federal government’s pricing mechanism, and the new rates are effective for three days — October 17, 18 and 19.
| Product | Previous rate (Oct 16) | Change | New rate (Oct 17–19) |
|---|---|---|---|
| Petrol | Rs390.23/L | −Rs3.93 | Rs386.30/L |
| High-speed diesel | Rs396.96/L | No change | Rs396.96/L |
Put simply: if you filled a car’s 45-litre tank yesterday, you paid about Rs17,560. From today, the same tank costs roughly Rs17,384 — a saving of around Rs177. It is a modest cut — about 1% — but it is the second consecutive revision to bring petrol down, following the Rs3.63 cut that set the October 16 rate of Rs390.23.
Why did petrol prices fall this time?
According to the Petroleum Division’s press release, the revision was driven by global developments — movements in Platts benchmark rates, premiums, and incidentals. In plain language: the reference prices Pakistan buys petroleum products against shifted in our favour, plus shipping and handling incidentals, so the ex-depot calculation came out lower.
The global picture on Friday backed that up. Brent crude futures settled at $106.28 a barrel (up 0.34%) and US West Texas Intermediate at $97.78 (down 0.19%) — crude was steady overall, while the refined-product side (which matters more for the ex-depot petrol price) moved favourably. Notably, European diesel margins dropped after the International Energy Agency (IEA) moved to release additional diesel supplies, which helped keep high-speed diesel stable rather than pushing it higher.
How the daily price mechanism works
Since July 17, 2026, Pakistan has used a daily price mechanism: the Petroleum Division reviews ex-depot prices every day, and the Friday rate stands for the whole weekend — Saturday, Sunday and Monday (October 17–19, 2026 in this case).
The daily mechanism replaced the earlier weekly system, which had itself replaced the old fortnightly revisions. The idea is faster pass-through of global price changes — both up and down.
How much will you actually save?
- Car, 45L tank: saves about Rs177 per fill.
- Bike, 12L tank: saves about Rs47 per fill.
- Daily commuter (car, ~25 km/day): roughly Rs35–40 a day cheaper in fuel — over a month that is over Rs1,000 back in your pocket.
Petrol vs diesel: the gap this weekend
With petrol at Rs386.30 and diesel at Rs396.96, the gap between the two fuels is Rs10.66 per litre. Diesel staying put while petrol fell is consistent with the IEA’s extra diesel supply releases balancing that market — and it is good news for freight operators and anyone hiring loaders or trucks this weekend.
One practical tip: do not rush to fill up “before prices change” this weekend. The rate is locked from October 17 to 19 under the daily mechanism — pumps charging more than Rs386.30 for petrol or Rs396.96 for HSD are overcharging. You can verify prices and report violations to OGRA’s helpline.
What happens next: the Monday revision
The next ex-depot revision is expected on Monday, October 20, 2026. Whether petrol falls further depends on Platts rates over the weekend, premiums, incidentals, and the rupee.
Frequently asked questions
What is the petrol price in Pakistan today?
As of October 17, 2026, petrol is Rs386.30 per litre and high-speed diesel is Rs396.96 per litre. These rates were set on October 16, 2026 and remain effective through October 19 under the daily price mechanism.
How much was petrol cut on October 16, 2026?
Petrol was cut by Rs3.93 per litre, from Rs390.23 to Rs386.30 per litre. High-speed diesel saw no change and remains at Rs396.96 per litre.
Until when are these petrol prices valid?
The announced rates apply from October 17 to October 19, 2026 (three days). The next revision is expected on Monday, October 20.
Why did the petrol price decrease?
According to the Petroleum Division, the revision was driven by global developments including movements in Platts benchmark rates, premiums and incidentals. Brent settled at $106.28 and WTI at $97.78 on Friday, while IEA diesel supply releases helped keep diesel stable.
Is the daily price mechanism different from the old system?
Yes. Since July 17, 2026, prices are reviewed daily (with the Friday rate standing over the weekend), replacing the earlier weekly system, which had replaced the old fortnightly revisions.
How much money does the Rs3.93 cut save per tank?
On a 45-litre car tank, you save roughly Rs177 per fill; on a 12-litre bike tank, about Rs47.
What should I do if a pump charges more than Rs386.30?
The notified rates are binding from October 17–19, 2026. If a petrol pump charges more than Rs386.30/L for petrol or Rs396.96/L for diesel, that is overcharging — note the pump name and receipt, and report it to OGRA’s helpline.
