Pakistan Raises Petrol Price by Rs2.02, Cuts Diesel by Rs3.59
ISLAMABAD, PAKISTAN — WEB DESK: The federal government has increased the price of petrol by Rs2.02 per litre, while reducing the price of high-speed diesel by Rs3.59 per litre, under the latest revision of petroleum product prices.
Following the adjustment, petrol has risen from Rs389.28 to Rs391.30 per litre, while high-speed diesel has declined from Rs412.12 to Rs408.53 per litre. The new rates apply from September 26 to September 28, 2026.
The Petroleum Division said the adjustments were necessitated by changes in international Platts rates, premiums and incidentals, which feed into Pakistan’s petroleum pricing mechanism.
Latest Petrol and Diesel Prices
The latest revision moves Pakistan’s two main transport fuels in opposite directions.
Petrol: Rs391.30 per litre — up Rs2.02
High-Speed Diesel: Rs408.53 per litre — down Rs3.59
The previous rates were Rs389.28 for petrol and Rs412.12 for high-speed diesel.
The official government broadcaster also confirmed on Saturday that the Petroleum Division had revised the rates, placing petrol at Rs391.30 and HSD at Rs408.53 per litre.
Another Fuel Revision After Previous Cuts
The increase in petrol comes immediately after both major fuels became cheaper in the preceding review.
For September 25, petrol had been reduced by Rs0.84 per litre to Rs389.28, while HSD was cut by Rs2.63 to Rs412.12 per litre.
The latest Rs2.02 increase therefore more than reverses the previous day’s petrol reduction, although diesel consumers have received another price cut.
Pakistan is currently operating a more frequent petroleum price review mechanism amid significant volatility in international energy markets.
International Factors Drive Adjustment
The Petroleum Division specifically attributed the latest changes to movements in Platts benchmark rates, premiums and other incidentals.
International crude prices were falling on Friday as traders weighed diplomatic signals surrounding the US-Iran conflict against continued risks to Middle Eastern oil supplies.
Brent crude was down about 1.3% at $105.26 per barrel during Friday trading, while US West Texas Intermediate fell around 1.9% to $92.78 per barrel, according to market reporting.
Markets have been particularly sensitive to developments involving Iran, the Strait of Hormuz and attacks affecting Saudi Arabia because of the region’s importance to global energy supplies.
Fuel Prices Remain Elevated
Despite recent reductions from earlier peaks, fuel prices remain significantly higher than levels seen before the escalation in Middle East tensions.
Dawn reports that petrol had reached a peak of Rs458.41 per litre on April 3, after beginning its upward trajectory from around Rs266 in the first week of March. HSD peaked at Rs520.35 per litre on the same date after rising from around Rs281.
The current Rs391.30 petrol price is therefore below the April peak but remains elevated compared with levels before the sharp international energy-market disruption.
Taxes Remain a Major Component
Taxes and government levies also continue to make up a significant portion of retail fuel prices.
According to Dawn, the government currently collects around Rs114 per litre in taxes and duties on petrol and approximately Rs100 per litre on high-speed diesel.
This means changes in international oil benchmarks are only one part of the final retail price paid by consumers.
Fuel prices have broad implications for Pakistan’s economy because petrol directly affects private transport and mobility costs, while high-speed diesel is heavily used in freight, agriculture and commercial transportation.
Changes in diesel prices can therefore feed into transportation and distribution costs across the economy.
New Rates Effective Until September 28
The latest prices are scheduled to remain effective through September 28, according to the Petroleum Division notification.
Consumers should therefore use Rs391.30 per litre for petrol and Rs408.53 for HSD as the applicable benchmark rates from September 26.
Further adjustments will depend on the next official review and movements in international benchmark prices, premiums and other components of Pakistan’s fuel-pricing formula.
