Pakistan cuts petrol price, raises diesel rate for October 13

Pakistan cuts petrol price, raises diesel rate for October 13
Pakistan updates fuel rates

Pakistan adjusts domestic fuel prices again as the government lowers petrol by Rs2.93 per litre and lifts high-speed diesel by Re0.61, with the new rates taking effect on Tuesday, October 13. The revision follows another price change announced on Friday and comes as international oil markets rise amid fresh supply and geopolitical concerns.

Highlights

  • Pakistan lowers ex-depot petrol price to Rs395.37 per litre from Rs398.30, while raising diesel to Rs396.85 per litre for October 13.
  • The Oil and Gas Regulatory Authority adjusts domestic fuel prices in response to global developments, including shifts in Platts rates and premiums.
  • Brent crude rises 2% to $106.76 a barrel and WTI climbs 2% to $93.69 amid geopolitical tensions and supply outlook shifts, pressuring local pricing.

Revised fuel rates take effect Tuesday

As reported by Business Recorder, citing the Petroleum Division, the government reduces the ex-depot price of petrol to Rs395.37 per litre from Rs398.30, while high-speed diesel increases to Rs396.85 per litre from Rs396.24. The Oil and Gas Regulatory Authority, or OGRA, revises the prices under the federal government’s petroleum pricing mechanism through a notification issued on Monday.

The revised prices remain effective for October 13. The Petroleum Division says the adjustment is driven by global developments, including movements in Platts rates, premiums and incidentals.

In the previous review on Friday, the government had reduced the petrol price by Re0.66 to Rs398.30 per litre and increased the diesel price by Re0.52 to Rs396.24 per litre.

Global oil moves shape domestic pricing

International crude prices are rising on Monday, adding pressure to local pricing decisions in Pakistan’s fuel market. Brent crude is up $2.04, or 2%, at $106.76 a barrel by 11:07 a.m. EDT, its highest level since September 29, while U.S. West Texas Intermediate gains $1.84, or 2%, to $93.69 a barrel.

The market move follows attacks on Saudi Arabia that overshadow expectations of increased supplies after U.S. President Donald Trump hails fresh Russian diesel exports and a Russia-Ukraine ceasefire on energy targets. The global rebound from earlier losses underscores how external energy market shifts continue to feed into Pakistan’s petroleum pricing mechanism.

Our earlier coverage of the global diesel squeeze explained how war-related disruptions and damaged refining capacity were tightening supply and pushing diesel prices higher, with spillovers into transport costs and inflation. It also noted that governments were increasingly shaping diesel flows through measures such as reserve releases and export policy shifts, which may offer short-term relief but risk fragmenting energy markets and leaving smaller economies more exposed to shocks.

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