Diesel Price in Pakistan Raised by Rs1.91 to Rs393.66 Per Litre, Petrol Unchanged at Rs377.71 for October 24–26

The government has raised the price of high-speed diesel by Rs1.91 per litre to Rs393.66, while keeping petrol unchanged at Rs377.71 per litre, in the latest revision under the daily fuel price review mechanism. The new rates take effect from October 24 and will remain in force until October 26, 2026.

Main News Report

According to a press release issued by the Petroleum Division on Friday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government's petroleum pricing mechanism, Business Recorder reported.

Under the revision:

• High-speed diesel (HSD): up Rs1.91 per litre, from Rs391.75 to Rs393.66 per litre.
• Petrol: unchanged at Rs377.71 per litre.
• Period: October 24 to 26, 2026 — prices notified on a Friday stay unchanged over the weekend, Geo News reported.

OGRA said the change was necessitated by global developments, including changes in Platts rates, premiums and incidentals. 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.

This is the second step in two days. On Thursday, the government had increased diesel by Rs1.64 per litre and cut petrol by Rs1.60 per litre, as covered in PakInsight Hub's report on the October 23 fuel prices — the revision that set petrol at Rs377.71 and diesel at Rs391.75.

Background Context

Pakistan has moved to a daily fuel price review amid sharp volatility in global oil rates driven by renewed hostilities in the Middle East. The government had introduced a weekly review system after the conflict in the region began on February 28, when Israel and the United States attacked Iran and Tehran shut the Strait of Hormuz; before that, prices were revised fortnightly.

Under the cabinet-approved framework, OGRA issues daily ex-depot prices for petrol and diesel, determined using the average international prices of the previous seven days, and publishes daily prices on its website so changes in international rates reach consumers more quickly.

Global prices were climbing as the revision was announced. Brent crude gained $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT on Friday, having earlier touched $115 — its highest since May 4 — while US West Texas Intermediate rose $1.48 to $100.95 a barrel, according to Business Recorder. Brent later settled even higher, at $116.72, as detailed in PakInsight Hub's report on the six-month oil high, after Houthi attacks across Saudi Arabia stoked fears of fresh disruption to Middle East energy supplies.

Reactions and Statements

• Petroleum Division (Friday press release): OGRA revised ex-depot petroleum prices under the federal government's pricing mechanism, effective October 24–26.
• OGRA: the price change was necessitated by global developments, including changes in Platts rates, premiums and incidentals.
• Petroleum Minister Ali Pervaiz Malik: daily prices are based on a seven-day average of international market prices, in line with international practice.
• Transporters and farmers: the diesel increase raises fuel costs for transporters, farmers and other consumers dependent on diesel-powered vehicles and machinery, while petrol consumers see no change during the three-day period, Profit reported.

Why This News Matters

Diesel is the workhorse fuel of Pakistan's economy: it powers trucks, buses, tractors and generators, so a diesel rise feeds through to freight charges, food transport and farm costs even when petrol stands still. For households, the unchanged petrol price is a small relief at the pump, but the diesel increase lands hardest on goods transport and agriculture — the two channels through which fuel prices most quickly reach kitchen budgets.

The timing matters too. The revision comes as Brent crude sits at a six-month high, as covered in PakInsight Hub's report on Brent surging above $114, and as households are already absorbing a separate energy shock: LPG has jumped to Rs7,000 per cylinder after the Iran border closure halted imports.

Future Developments

Under the daily review system, the next revision is due after the weekend: prices notified on Friday hold for Saturday and Sunday, so motorists and transporters will learn the next set of rates when OGRA issues its next daily notification. If global crude keeps climbing on Middle East tensions, further upward pressure on diesel — and eventually petrol — cannot be ruled out; if Brent eases, the seven-day average mechanism should pass some relief through in the following revisions.

Watch also for any response from transport associations and farmer groups, which have previously protested the daily pricing mechanism, and for the next OGRA notification, which will show whether the Friday-to-weekend hold extends or a fresh adjustment follows.

Sources

• Business Recorder — "Govt raises diesel price by Rs1.91 per litre, keeps petrol unchanged" (23 October 2026)
• Geo News — "Govt increases diesel price by Rs1.91 per litre, keeps petrol unchanged" (updated 24 October 2026)
• Aaj English TV — "Govt raises diesel price, keeps petrol unchanged" (24 October 2026)
• Profit — "Diesel price up Rs1.91, petrol unchanged for Oct 24-26" (23 October 2026)

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