Petrol price to remain unchanged, diesel rises by Re0.85 per litre

Petrol price remains at Rs377.91 per litre, while high-speed diesel rises to Rs400.67 per litre

The federal government has raised the price of high-speed diesel (HSD) by Re0.85 per litre, while retaining the existing petrol rate.

Following the revision, petrol will be available at Rs377.91 per litre, while high-speed diesel will cost Rs400.67 per litre.

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According to a notification issued by the Petroleum Division, the revised prices will remain in effect until October 30.

Ogra has also begun publishing daily petroleum prices on its website to improve transparency and allow changes in international oil prices to be passed on to consumers more quickly.

Petroleum Minister Ali Pervaiz Malik said the daily prices are based on a seven-day average of international market prices, in line with international practice.

Revised fuel rates under daily price mechanism:

Effective dateProductsOld ratesNew ratesChanges in prices Rs/litre
October 30Petrol377.91377.910.00
October 30High-speed diesel399.82400.67+0.85

Amid volatility in global oil rates on the back of renewed hostilities in the Middle East, the government decided to switch to a daily fuel price review mechanism.

The government had introduced a weekly fuel price review system after the conflict in the Middle East began on February 28, when Israel and the United States attacked Iran, leading Tehran to shut the Strait of Hormuz — the main route before the war for around a fifth of global energy supplies.

Tensions have mounted since a fragile June truce between Tehran and Washington collapsed, reviving fears of full-scale war and disrupting energy flows through the Strait.

Previously, the petroleum rates were revised fortnightly.

Daily fuel pricing framework

An official document seen by Geo News has revealed key details of the federal cabinet-approved petroleum pricing mechanism, under which Ogra will issue daily ex-depot prices for petrol and high-speed diesel.

Under the new framework, fuel prices will be determined using the average international market prices recorded over the previous seven days.

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