Petrol Diesel Price October 22, 2026: New Rates in Pakistan
By Bilal Ahmed, Business Desk | Updated: October 22, 2026 The government has cut petrol prices by Rs2.71 per litre to Rs379.31 and raised high-speed diesel by Re0.31 to Rs390.11 per litre, with the new rates taking effect on Thursday, October 22, 2026. The revision was issued late Wednesday night under the daily petroleum pricing…
The government has cut petrol prices by Rs2.71 per litre to Rs379.31 and raised high-speed diesel by Re0.31 to Rs390.11 per litre, with the new rates taking effect on Thursday, October 22, 2026. The revision was issued late Wednesday night under the daily petroleum pricing mechanism, which adjusts fuel prices Monday through Friday based on international benchmarks.
Here are the new rates in one glance:
- Petrol: Rs379.31 per litre (down Rs2.71 from Rs382.02)
- High-speed diesel (HSD): Rs390.11 per litre (up Re0.31 from Rs389.80)
- Effective: Thursday, October 22, 2026
If you filled your car’s tank on Wednesday, you paid Rs2.71 more per litre than the person filling up today. For a 40-litre tank — roughly the size of a Corolla’s — that difference is Rs108.40 saved on one full tank of petrol. Not life-changing money, but in a year when fuel has swung up and down almost daily, every rupee matters at the pump.
How the October 22 revision was announced
The Oil and Gas Regulatory Authority (OGRA) issued the notification on Wednesday night, October 21, revising the ex-depot prices of petroleum products in line with the pricing mechanism set by the federal government. A press release from the Petroleum Division followed, confirming the new rates and their effective date.
According to the Petroleum Division, the revision was driven by global developments — specifically changes in Platts rates (the international benchmark for petroleum product prices), premiums, and incidentals. These are the three variables that feed into the daily price calculation: what refined products cost on the global market, the premium charged on top of those rates, and the incidental costs of getting the fuel into Pakistan.
The new prices remain effective for October 22 only. Under the daily mechanism, expect another notification tomorrow for Friday’s rates — and then a pause over the weekend, with the next revision landing on Monday.
What changed yesterday: the October 21 revision
It helps to put today’s revision in context, because fuel prices are now moving almost every day. Just a day earlier, on Tuesday, October 21, the government had increased petrol by Re0.88 to Rs382.02 per litre and HSD by Re0.53 to Rs389.80 per litre, under the same daily mechanism.
So the sequence over the last few days looks like this:
- October 21 (effective): Petrol +Re0.88 to Rs382.02/L; HSD +Re0.53 to Rs389.80/L
- October 22 (effective): Petrol −Rs2.71 to Rs379.31/L; HSD +Re0.31 to Rs390.11/L
The net movement over two days: petrol is down Rs1.83 per litre from where it stood before Tuesday’s hike, while diesel has climbed Re0.84 in two days. For diesel — the fuel that moves Pakistan’s trucks, buses, tractors and generators — that steady upward creep is the number worth watching.
Not the same as the October 20 revision
A quick clarification, because this is easy to mix up: this is not the same notification as the one we reported on October 20. In that earlier revision, petrol was cut by Rs5.16 per litre and diesel by Rs7.69 — a much larger adjustment under a different cycle of the pricing mechanism.
Read our earlier coverage here: Petrol, Diesel Price October 20, 2026: New Rates Announced. That post covers the bigger Rs5.16/Rs7.69 adjustment in full. Today’s story is about the smaller, overnight daily-mechanism revision for October 22 — petrol down Rs2.71, diesel up Re0.31. Two separate notifications, two separate effective dates.
How the daily pricing mechanism works
Pakistan moved to a daily (Monday to Friday) petroleum pricing mechanism, replacing the old fortnightly system that adjusted prices only twice a month. Under the daily system, OGRA recalculates ex-depot prices on working days using the formula the federal government has set, factoring in Platts rates, premiums and incidentals.
Under the federal cabinet-approved daily framework, OGRA calculates prices using the average international market prices of the previous seven days — which is why the notification reflects a moving average rather than a single day’s crude move — and rates notified on Friday hold unchanged through Saturday and Sunday.
What this means for you in practice:
- Notifications typically land late at night and take effect the next day.
- Weekend prices hold steady at Friday’s rates — there are no Saturday or Sunday revisions.
- Small daily moves (like today’s Rs2.71 cut) can add up to large swings over a month.
- Pump stations adjust their dispenser rates to the new notification; prices you see at midnight may differ from prices at 8am.
What the Rs2.71 cut means for motorists
Let us do the practical maths. On petrol at Rs379.31 per litre:
- A 70cc motorcycle (roughly 10-litre tank): saves about Rs27 per full tank.
- A 125cc bike (around 13 litres): saves about Rs35 per full tank.
- A small car (around 35 litres): saves about Rs95 per full tank.
- A family sedan (around 40–50 litres): saves roughly Rs108–135 per full tank.
For someone commuting 40–50 km a day in a car, the cut shaves a little over a hundred rupees off each fill-up — modest, but real.
Diesel goes up: what Re0.31 means for transporters and farmers
The other side of the notification is less cheerful. High-speed diesel at Rs390.11 per litre continues its climb — Re0.31 today on top of yesterday’s Re0.53, totalling Re0.84 in just two days.
Diesel matters differently than petrol. It fuels:
- Freight and logistics — nearly all intercity goods transport runs on diesel, so diesel hikes feed into the cost of everything moved by truck.
- Public transport — buses, wagons and coasters run on diesel; fare adjustments often follow diesel moves with a lag.
- Agriculture — tube wells, tractors and harvesters depend on diesel, and farmers feel even small hikes directly in input costs.
- Backup power — diesel generators in factories, hospitals and commercial buildings.
A Re0.31 rise adds about Rs12.40 to a 40-litre fill — small in isolation, but two consecutive days of increases put diesel Rs10.31 above petrol per litre (Rs390.11 vs Rs379.31), the widest meaningful gap being the premium diesel commands as the commercial fuel.
The global picture: Brent and WTI
The Petroleum Division links each revision to global developments, and this week’s international context is visible in crude markets. On Wednesday, oil prices were little changed as investors weighed possible progress toward Russia-Ukraine talks against declining US oil stocks and a lack of US-Iran dialogue.
- Brent crude: up 27 cents (0.2%) to $109.04 a barrel.
- WTI: down 11 cents (0.1%) to $97.72 a barrel.
Refined product prices (Platts) track crude with regional spreads and premiums layered on top, which is why the pump price can move even when crude looks flat — the premium and incidentals components do their own moving.
Where to check the official rates
Always verify pump prices against the official notification before disputing a rate:
- OGRA issues the ex-depot price notification; its website carries the latest revision.
- The Petroleum Division press release accompanies the notification with the drivers behind the change.
- Pump stations display the day’s rates on their boards — the new rates apply from the effective date stated in the notification.
If a station charges above the notified rate, that is a matter for the district administration and OGRA’s complaint channels. Keeping a screenshot of the notification on your phone is the simplest way to check at the pump.
For more fuel and economy coverage, visit our Business section — including our detailed report on the October 20 petrol and diesel price revision with the full Rs5.16/Rs7.69 breakdown.
