ISLAMABAD: Despite a decline in global crude oil prices, the Shehbaz government has increased the price of petrol in Pakistan, while the price of high-speed diesel (HSD) has been reduced slightly. The latest decision is set to add to the financial burden on petrol consumers.
The federal government has raised the price of petrol by Rs0.88 per litre, taking it from Rs392.76 to Rs393.64 per litre. Meanwhile, the price of high-speed diesel has been reduced by Rs1.88 per litre, bringing the new rate down to Rs397.76 per litre.
The revised prices will take effect from October 6, 2026.
For the latest adjustment in petroleum product prices, the Oil and Gas Regulatory Authority (OGRA) reviewed the ex-depot prices under the government’s petroleum pricing mechanism.
According to the Petroleum Division, the revised prices were determined after taking into account changes in Platts rates, premiums and other related costs in the international market.
Global Crude Oil Prices Decline
Interestingly, crude oil prices fell in the global market on Monday during the same period. Higher crude exports from the Middle East and measures by the Group of Seven (G7) countries to increase supplies put downward pressure on global oil prices.
According to market data, Brent crude futures fell by $1.10, or 1.08%, to $101.15 per barrel.
Similarly, the price of US West Texas Intermediate (WTI) crude declined by 89 cents, or 0.98%, to $90.22 per barrel.
Petrol Was Also Increased Days Earlier
The Shehbaz government had already raised the price of petrol by Rs2.10 per litre on Friday, taking it to Rs392.76 per litre.
Under the same decision, the price of high-speed diesel was increased by Rs0.30 per litre to Rs399.64 per litre. Those rates were applicable for only three days.
The latest decision means that while crude oil prices declined in the global market, the price of petrol in Pakistan has moved in the opposite direction, increasing the cost burden on consumers.
