Pakistan fuel prices rise as government increases petrol, diesel rates from Oct. 29
Pakistan adjusts domestic fuel prices upward from Oct. 29, lifting petrol by Rs1.85 per litre and high-speed diesel by Rs1.75 per litre. The move raises petrol to Rs377.91 per litre and diesel to Rs399.82 per litre under the federal petroleum pricing mechanism.
Highlights
- Pakistan raises petrol price to Rs377.91 per litre and high-speed diesel to Rs399.82 per litre, effective Oct. 29, 2026.
- Oil and Gas Regulatory Authority attributes fuel price increases to global developments impacting Platts rates, premiums, and incidentals.
- Rising international crude prices and Middle East tensions are driving up Pakistan’s domestic fuel costs, affecting transport and diesel-reliant sectors.
Price revision and effective date
As reported by Business Recorder, citing the Petroleum Division in a press release, the Oil and Gas Regulatory Authority revised the ex-depot prices of petroleum products under the federal government’s pricing mechanism. The new rates take effect on Thursday, Oct. 29, 2026.After the revision, petrol is priced at Rs377.91 per litre, compared with Rs376.06 previously. High-speed diesel rises to Rs399.82 per litre from Rs398.07.
Global oil trends drive domestic adjustment
OGRA says the increase is driven by global developments, including changes in Platts rates, premiums and incidentals. The adjustment reflects continuing volatility in international oil markets.Global crude prices are rising amid supply disruptions and geopolitical tensions, particularly in the Middle East. Those pressures are feeding into Pakistan’s domestic fuel pricing and increasing costs for transport and other diesel-dependent sectors.
Our earlier article on the conflict-driven surge in oil shipping costs explained how rising tanker and insurance rates have become a major component of crude pricing. We noted that disruptions around key routes such as the Strait of Hormuz and the Red Sea were pushing up freight bills, with knock-on effects that can filter through to pump prices and broader consumer costs.
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