Pakistan adjusts retail fuel prices again for October 15, lifting petrol rates while slightly lowering high-speed diesel under its regular pricing mechanism. The move follows a cut announced a day earlier and comes as global oil market developments continue to shape domestic petroleum costs.
Highlights
- Pakistan raises petrol price by Rs1.20 to Rs393.86 per litre and lowers diesel by Re0.17 to Rs396.65, effective October 15, 2026.
- Government attributes fuel price adjustments to global developments, including changes in Platts rates, premiums, and incidentals, following prior cuts on October 14.
- Brent crude climbs 13 cents to $105.56 a barrel and U.S. WTI increases $1.25 to $95.39, reaching a two-week high amid Middle East tensions.
October 15 fuel price revision
As reported by Business Recorder, citing the Petroleum Division, the government on Wednesday raises the price of petrol by Rs1.20 to Rs393.86 per litre and lowers the price of high-speed diesel by Re0.17 to Rs396.65 per litre, effective Thursday, October 15, 2026.The Oil and Gas Regulatory Authority revises the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. The revised prices remain effective for October 15.
The Petroleum Division says the latest change is driven by global developments, including movements in Platts rates, premiums and incidentals. On Tuesday, the government reduces the price of petrol by Rs2.71 to Rs392.66 per litre and cuts the price of high-speed diesel by Re0.03 to Rs396.82 per litre.
Global oil moves shape local costs
International oil prices steady on Wednesday after rising following an attack on the headquarters of Saudi Arabia’s state-owned oil company and Iranian comments about new tactics used to target ships and keep oil prices high to influence U.S. midterm elections.Brent crude futures are up 13 cents at $105.56 a barrel by 1325 GMT. U.S. West Texas Intermediate crude gains $1.25, or 1.33%, to $95.39, marking a more than two-week high.
We previously reported on crude prices easing as markets weighed heightened shipping attacks near the Strait of Hormuz against signs that supply constraints could loosen. That update highlighted how sanctions policy discussions around so-called shadow fleet vessels and shifting supply signals from major producers were tempering risk-driven price spikes despite regional disruptions and a large U.S. inventory draw.
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