Petrol Falls to Rs338, Diesel to Rs371 Per Litre

ISLAMABAD: The federal government has announced a reduction of Rs8 per litre in petrol prices and Rs7 per litre in high-speed diesel (HSD), setting the updated rates at Rs338 and Rs371 per litre, respectively, effective November 11, 2026.

The Oil and Gas Regulatory Authority (OGRA) stated that the new rates were calculated in accordance with the petroleum pricing framework approved by the federal government.

Following the adjustment, petrol will now cost Rs338 per litre instead of Rs346, while high-speed diesel has become cheaper at Rs371 compared to its previous rate of Rs378 per litre.

Petrol remains a major fuel source for motorcycles, private cars, rickshaws and other light vehicles, making it particularly important for everyday consumers. The latest Rs8 reduction is expected to ease commuting expenses for motorcyclists and other motorists travelling regularly to offices, universities, commercial centres and workplaces.

The diesel price adjustment carries particular significance for the country's transportation and agricultural industries, where HSD powers a wide range of vehicles and equipment, including buses, freight trucks, tractors, harvesters, tube-wells and other farming machinery.

The Rs7 per litre decrease could help reduce operating expenses for transport services, logistics companies and agricultural producers. Cheaper diesel may also bring down some of the costs associated with distributing crops, food products, industrial supplies and other necessities throughout the country.

Businesses dealing with elevated fuel, transportation and operational expenses may also receive some financial relief. However, whether these savings translate into cheaper public transport fares and consumer goods will largely depend on how much of the reduced fuel expenditure suppliers and transport operators pass on to customers.

According to OGRA, the revised petroleum rates will take effect on November 11, 2026.