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Government Raises Petrol Price by Re 0.88, Cuts Diesel by Rs 1.88

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At a glance

  • The price of petrol has been increased by Re 0.88 to Rs 393.64 per litre.
  • The price of high-speed diesel has been reduced by Rs 1.88 to Rs 397.76 per litre.
  • The change is attributed to international prices and freight margin adjustments.

Story so far

The federal government continues its policy of daily fuel price adjustments in response to international market fluctuations. In the latest revision effective October 6, the price of petrol was increased by Re 0.88 to Rs 393.64 per litre, while the price of high-speed diesel (HSD) was cut by Rs 1.88 to Rs 397.76 per litre. Officials attribute the changes to shifts in global oil prices and adjustments in the Inland Freight Equalisation Margin.

Latest development

The government has increased the price of petrol by Re 0.88 to Rs 393.64 per litre and decreased the price of high-speed diesel by Rs 1.88 to Rs 397.76 per litre, effective October 6, 2026.

Latest updates

The latest price adjustment is attributed to several factors, including changes in international oil prices and an increase in the Inland Freight Equalisation Margin (IFEM). The IFEM for petrol rose from Rs 7.91 to Rs 8.02 per litre, while for high-speed diesel (HSD) it increased from Rs 4.19 to Rs 4.75 per litre.

According to the Oil and Gas Regulatory Authority (OGRA), the price changes reflect global market fluctuations. Over the last seven days, the average international price for petrol increased to $130.68 per barrel, while HSD decreased to $108.88 per barrel. Consequently, the import cost of petrol rose to Rs 282.77 per litre, and the cost of HSD fell to Rs 290.16 per litre.

The Petroleum Division confirmed that government levies remain unchanged, with a Petroleum Levy of Rs 80 per litre and a Climate Support Levy of Rs 5 per litre applied to both fuels.

Responses

  1. A less than one rupee change for petrol and nearly two for diesel. For an individual, it’s barely noticeable on a single fill-up, but for the transport industry, that diesel reduction could add up.

    1. That’s a good point. The IFEM ensures price uniformity across the country, which is a crucial policy design choice. It means people in remote areas pay the same as those in major cities.

Latest Fact Checks

Business Recorder

Petrol price up 88 paise, HSD’s down Rs1.88

ISLAMABAD: The government on Monday announced revision in petroleum prices, which will remain applicable for Tuesday, October 6. According to an official notification, the petrol price has been increased by 88 paise per litre to Rs393.64. However, th

Business Recorder

Govt hikes petrol price by Re0.88, cuts diesel by Rs1.88 per litre

The federal government on Monday reduced the price of high-speed diesel (HSD) by Rs1.88 per litre to Rs397.76, while increasing petrol price by Re0.88 to Rs393.64 for October 6, 2026. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot p

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