The government on Tuesday reduced the price of petrol by Rs2.71 to Rs392.66 per litre, while cutting the price of high-speed diesel (HSD) by Re0.03 to Rs396.82 per litre, effective for Wednesday, October 14, 2026.
The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism, according to a press release issued by the Petroleum Division.
Petrol was previously priced at Rs395.37 per litre, while HSD stood at Rs396.85 per litre.
The revised prices will remain are effective for October 14.
The Petroleum Division said the change was necessitated by global developments, including movements in Platts rates, premiums and incidentals.
On Monday, the government had reduced the price of petrol by Rs2.93 to Rs395.37 per litre, while increasing the price of diesel (HSD) by Re0.61 to Rs396.85 per litre.
Meanwhile, oil prices fell 2% on Tuesday a day after benchmark Brent hit an almost one-month high as traders monitored attacks on Saudi Arabia and prospects for additional diesel supply from Russia.
Brent crude futures were down $2.02, or 1.89%, to $104.63 a barrel by 1049 GMT, while US West Texas Intermediate crude futures were down $1.89, or 2.02%, at $91.85 a barrel.
Both benchmarks climbed nearly $2 a barrel in the previous session, with Brent settling at its highest since September 15