ISLAMABAD – Some relief for inflation hit Paksitanis as federal government announced another cut in petroleum prices, bringing petrol down to Rs362 per litre and high-speed diesel to Rs387.81 per litre, effective November 5, 2026.
Petrol has become cheaper by Rs7.06 per litre, while the price of high-speed diesel has been reduced by Rs3.71 per litre. Before the latest adjustment, petrol was selling at Rs369.06 per litre and diesel at Rs391.52 per litre.
The regulator said the revised prices were calculated in accordance with the petroleum pricing mechanism approved by the federal government.
The latest announcement marks the second reduction in fuel prices within days. On November 3, the government had lowered petrol prices by Rs5.45 per litre and diesel prices by Rs3.68 per litre.
Following the two consecutive revisions, petrol prices have declined by a combined Rs12.51 per litre, while diesel has become Rs7.39 per litre cheaper.
Latest Petrol and Diesel Prices in Pakistan
| Fuel | Previous Price | New Price | Reduction |
|---|---|---|---|
| Petrol | Rs369.06 | Rs362.00 | Rs7.06 |
| High-Speed Diesel | Rs391.52 | Rs387.81 | Rs3.71 |
International Oil Prices
The domestic fuel price reduction comes as global crude oil prices face renewed pressure due to uncertainty surrounding the ongoing US-Israeli conflict with Iran.
International oil markets recorded losses on Wednesday as investors assessed the possible impact of Democrats securing control of both chambers of the US Congress in the midterm elections. Brent crude futures fell by $1.75 to $101.85 per barrel, while US West Texas Intermediate (WTI) crude declined by $1.18 to $94.91 per barrel during Wednesday’s trading.
