Pakistan raises diesel prices for three days, keeps petrol unchanged
Pakistan has raised the ex-depot price of high-speed diesel by Rs1.91 per litre while leaving petrol unchanged under its latest petroleum pricing review. The revised rates apply from October 24 to 26, 2026, extending a week of fuel price adjustments tied to movements in international oil markets.
Highlights
- Pakistan increases high-speed diesel price to Rs393.66 per litre from Rs391.75, while petrol stays unchanged at Rs377.71 per litre for October 24–26, 2026.
- OGRA attributes the diesel price rise to global developments such as Platts rate changes, premiums, and incidentals, following a recent Rs1.64 per litre hike.
- Brent crude advances $1.40 to $114.57 a barrel, up 1.2%, after hitting $115, driven by Middle East supply concerns following Houthi attacks in Saudi Arabia.
Short-term fuel price revision takes effect
As reported by Business Recorder, citing the Petroleum Division, the Oil and Gas Regulatory Authority revised ex-depot petroleum prices under the federal government’s pricing mechanism for the next three days.Under the latest adjustment, high-speed diesel rises to Rs393.66 per litre from Rs391.75, while petrol remains unchanged at Rs377.71 per litre. The new prices take effect from October 24 to 26, 2026.
OGRA says the revision is driven by global developments, including changes in Platts rates, premiums and incidentals. The government had already increased the price of high-speed diesel by Rs1.64 per litre on Thursday, while cutting petrol by Rs1.60 per litre.
Global oil gains add pressure to local pricing
International crude prices are rising on Friday, adding pressure to domestic fuel pricing decisions in Pakistan. Market sentiment is tightening after Houthi attacks in Saudi Arabia raise concerns about further disruption to energy supplies from the Middle East.Brent crude gains $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT after earlier touching $115, its highest level since May 4. U.S. West Texas Intermediate crude rises $1.48, or 1.5%, to $100.95.
Brent is on track for a third straight weekly gain of 4.2%, while WTI is poised to end the week 0.5% lower. The external price trend keeps import costs and domestic fuel adjustments in focus for transport, logistics and broader inflation-sensitive sectors.
Pakistan’s October 15 fuel price revision under the federal pricing mechanism adjusted retail rates again, with petrol raised and high-speed diesel slightly lowered for the day. In our earlier article, we noted OGRA linked the change to global factors such as movements in Platts rates, premiums and incidentals, while international crude prices stayed sensitive to Middle East tensions—keeping local import costs and pump-price decisions in focus.