Pakistan fuel price cuts deepen as government lowers petrol, diesel rates
Pakistan cuts petrol and high-speed diesel prices again, extending a week of sharp reductions in retail fuel rates. The new prices, effective from November 7 to November 10, lower petrol to Rs346 per litre and diesel to Rs378 per litre after earlier cuts this week.
Highlights
- Pakistan government reduces petrol by Rs6.59/litre to Rs346 and diesel by Rs4.25/litre to Rs378 for November 7–10, 2026.
- Over the week, petrol prices drop by Rs28.51/litre and diesel by Rs17.20/litre, following earlier cuts of Rs9.41 and Rs5.56 respectively on November 6.
- Brent crude heads for a 16% weekly decline—its largest since 1988—while WTI is set for a 13% weekly fall despite Middle East tensions.
Revised fuel rates for four-day period
As reported by Business Recorder, citing the Oil and Gas Regulatory Authority, the federal government revises ex-depot petroleum prices under its pricing mechanism, reducing petrol by Rs6.59 per litre and high-speed diesel by Rs4.25 per litre from November 7, 2026. OGRA says the temporary four-day pricing window runs until November 10 because of the November 9 public holiday.Before the latest revision, petrol is priced at Rs352.59 per litre and diesel at Rs382.25 per litre. The new rates bring petrol to Rs346 per litre and diesel to Rs378 per litre.
During the week, petrol prices decrease by Rs28.51 per litre and diesel prices fall by Rs17.20 per litre. On November 2, petrol stands at Rs374.51 per litre and diesel at Rs395.20 per litre, before a November 6 cut of Rs9.41 for petrol and Rs5.56 for diesel takes rates down to the levels in place before the latest reduction.
Global oil slide shapes local pricing
International oil markets are heading for a sharp weekly drop, providing the broader backdrop for lower domestic fuel prices in Pakistan. Brent crude futures for January are up 31 cents, or 0.3%, at $98.60 a barrel by 1129 GMT on Friday, while U.S. West Texas Intermediate futures edge up 48 cents, or 0.5%, to $91.00.Even with those intraday gains, Brent remains on track for a 16% weekly decline, its steepest weekly percentage fall since the start of the COVID-19 pandemic and its largest absolute drop in LSEG data going back to 1988. WTI is set for a 13% weekly decline, although continuing attacks on vessels in the Middle East still provide some support to crude prices.
Our earlier update on Pakistan’s October 15 fuel price revision covered another adjustment under OGRA’s ex-depot pricing mechanism, with petrol raised to Rs393.86 per litre while high-speed diesel was nudged down to Rs396.65. It also explained that the change followed a cut a day earlier and was tied to global oil-market drivers such as shifts in benchmark pricing inputs and broader crude-market volatility.
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