KARACHI – More relief for Pakistanis as petrol and diesel prices continue their downward trend, with the latest reductions bringing petrol to Rs332 per litre and high-speed diesel to Rs360 per litre.
Oil and Gas Regulatory Authority (OGRA) has announced a fresh reduction of Rs3 per litre in petrol prices and Rs4 per litre in high-speed diesel (HSD) prices, effective November 13, 2026. The latest announcement marks the second consecutive downward revision in petroleum prices, extending a series of cuts that have significantly reduced fuel costs since October.
Petrol Prices Plunge Nearly Rs67 From October Peak
The latest reduction represents a remarkable turnaround in Pakistan’s petroleum market, where petrol prices were approaching the psychological Rs400-per-litre mark just weeks ago. On October 9, petrol had climbed to Rs398.96 per litre, putting additional pressure on consumers already dealing with expensive transportation, electricity and essential commodities.
However, prices began retreating in the second half of October before experiencing a sharper downward movement in November. By October 20, petrol had dropped to Rs381.14 per litre, followed by another decline to Rs377.91 toward the end of the month.
Petrol Levy Burden lowers
Beyond direct reduction in fuel prices, the federal government has also changed how the petroleum levy burden is distributed between consumers and oil refineries. Under PM Shehbaz Sharif’s revised pricing formula, the portion of the petroleum levy borne by petrol consumers has been reduced by another Rs1.65 per litre.
The levy burden allocated to consumers now stands at Rs63.64 per litre. The government has maintained the overall petroleum levy at Rs80 per litre, but the revised arrangement requires oil refineries to absorb a larger share of this amount.
Under the new mechanism, refineries will bear Rs16.36 per litre, while the remaining Rs63.64 will be allocated to consumers. The adjustment is intended to provide additional relief at the pump by reducing the direct levy component passed on to petrol buyers.
Global oil prices edged higher on Thursday after earlier declines, as investors weighed expanding crude supplies against geopolitical tensions involving Russia and the Middle East. Brent crude futures gained 65 cents to reach $93.40 per barrel, while US West Texas Intermediate (WTI) crude recorded a marginal increase of one cent, trading at $86.54 per barrel.
Pakistan Petrol Price Trends 2026
| Date | Price |
| October 1 | Rs387.40 |
| October 2 | Rs390.66 |
| October 3–5 | Rs392.76 |
| October 6 | Rs393.64 |
| October 7 | Rs394.83 |
| October 8 | Rs396.65 |
| October 9 | Rs398.96 |
| October 10–12 | Rs398.30 |
| October 13 | Rs395.37 |
| October 14 | Rs392.66 |
| October 15 | Rs393.86 |
| October 16 | Rs390.23 |
| October 17–19 | Rs386.30 |
| October 20 | Rs381.14 |
| October 23–26 | Rs377.71 |
| October 27 | Rs379.25 |
| October 28 | Rs376.06 |
| October 29–31 | Rs377.91 |
| November 3 | Rs374.51 |
| November 4 | Rs369.06 |
| November 5 | Rs362.00 |
| November 6 | Rs352.59 |
| November 7 | Rs346.00 |
| November 11 | Rs338.00 |
| November 12 | Rs335.00 |
| November 13 | Rs332.00 |
Petrol Levy Relief as Govt cuts Public’s Share to Rs63.64 Per Litre
