Petrol Price in Pakistan Raised to Rs379.25, Diesel to Rs395.82 Per Litre From October 27

The government has raised the price of petrol by Rs1.54 per litre to Rs379.25 and high-speed diesel (HSD) by Rs2.16 per litre to Rs395.82, with the new rates taking effect on Tuesday, 27 October 2026, under the daily fuel price review mechanism.

Main News Report

According to the Petroleum Division's notification, the revised prices are applicable for 27 October, Dawn reported. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the federal government's petroleum pricing mechanism, citing changes in international market factors, including Platts prices, premiums and incidental charges, Profit reported.

• Petrol: up Rs1.54 per litre, from Rs377.71 to Rs379.25 per litre.
• High-speed diesel (HSD): up Rs2.16 per litre, from Rs393.66 to Rs395.82 per litre.
• Effective: Tuesday, 27 October 2026.
• Taxes and duties: the government continues to levy Rs114 per litre on petrol and Rs100 per litre on diesel.

The revision replaces the rates that applied over the weekend. In the previous adjustment, covered in PakInsight Hub's report on the October 24-26 fuel prices, diesel had been raised by Rs1.91 to Rs393.66 while petrol was unchanged at Rs377.71.

Background Context

Pakistan now revises fuel prices daily. Petroleum Minister Ali Pervaiz Malik announced on 17 July that prices would be fixed on a daily basis because of fluctuations in international market prices following renewed hostilities between Iran and the United States, with OGRA deciding the daily rates on international trends. Before that, the government had announced weekly revisions since early March, alongside fuel conservation measures amid possible oil supply disruptions from the Middle East conflict.

The daily mechanism means global crude movements now reach Pakistani pumps within days. That matters at a moment when Brent crude has been trading near six-month highs: PakInsight Hub's report on Brent at $116.72 a barrel detailed how Houthi attacks across Saudi Arabia pushed the benchmark to its highest close since April. The longer price history shows how far fuel has already travelled this year: diesel had climbed from Rs281 per litre after the US-Iran war broke out on 28 February to a peak of Rs520.35 on 3 April, while petrol rose from Rs266 in the first week of March to a peak of Rs458.41 on the same date.

Reactions and Statements

• Petroleum Division: notified the revised prices for 27 October under the federal government's petroleum pricing mechanism.
• OGRA: revised the ex-depot prices, citing changes in Platts rates, premiums and incidental charges.
• Pakistan Petroleum Dealers Association: on Friday urged consumers not to resort to panic buying, warning that excessive purchases could create market distortions.
• Minister of State for Finance and Revenue Bilal Azhar Kayani: told senators on Friday that there were no fuel supply issues, even as senators raised concerns over supply.
• PPP Senator Sherry Rehman: questioned petrol availability for December, while Opposition Leader Raja Nasir Abbas warned of a bleak situation amid heightening Middle East tensions.

Alongside the price revision, the government has reintroduced a raft of austerity measures in response to rising fuel prices amid the ongoing Middle East conflict: markets are required to close by 9pm, and fuel allocations for official vehicles have been cut by 50 per cent for three months. On 13 September, Prime Minister Shehbaz Sharif announced a relief scheme for users of motorcycles, autos and vehicles of up to 800cc to alleviate the burden of rising global oil prices.

Why This News Matters

Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, so this increase lands directly on commuters and the middle and lower-middle classes. Diesel matters even more broadly: it powers trucks, buses, tractors and generators, so a Rs2.16 rise feeds through to freight charges, food transport and farm costs, and from there to the prices of essential goods.

The timing compounds an already difficult cost-of-living picture. Households are absorbing higher electricity and food costs, and the State Bank of Pakistan raised its key policy rate to 12 per cent on Monday, as covered in PakInsight Hub's report on the rate hike, citing mounting inflationary pressures amid rising global oil prices. Every further rise at the pump adds to those pressures.

Future Developments

Under the daily review system, the next revision will follow the usual pattern: OGRA will issue fresh ex-depot prices based on the seven-day average of international market prices, so motorists will learn quickly whether the next adjustment brings relief or another increase. Watch for any response from transport associations and dealers, for the next OGRA notification, and for whether global crude eases from its six-month highs or climbs further on Middle East tensions. PakInsight Hub will update this story when the next daily prices are announced.

Sources

• Dawn, Govt raises petrol price by Rs1.54 per litre, high-speed diesel rate by Rs2.16 (26 October 2026)
• Profit, Petrol price rises to Rs379.25, diesel to Rs395.82 per litre (27 October 2026)

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