Diesel Price in Pakistan Today 31 October 2026: Diesel Up to Rs402.96, Petrol Unchanged at Rs377.91

Photo: Dawn

Diesel will cost Rs402.96 a litre in Pakistan from Saturday, 31 October 2026, after the government raised its price by Rs2.29, while petrol stays unchanged at Rs377.91 for the next three days.

The new rates, notified by the Oil and Gas Regulatory Authority (OGRA), apply from 31 October to 2 November. It is the second diesel rise in two days, and it takes diesel further past the Rs400 mark only a day after it first crossed it.

Main News Report

Dawn reported on Friday night that high-speed diesel (HSD) had been raised by Rs2.29 per litre, while the petrol rate was kept at Rs377.91. Geo News confirmed the same figures, with the revised rates in force until 2 November.

Petrol has now been held at Rs377.91 for a second day in a row. Diesel, by contrast, has gone up twice in two days. The government still collects Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel, according to Dawn.

The daily price system sets each revision from the average of international rates over the past seven days, Petroleum Minister Ali Pervaiz Malik has said. OGRA now puts its daily prices on its own website so changes in world oil prices reach pumps faster.

Background Context

Pakistan moved to daily fuel pricing on 17 July, replacing weekly revisions, after hostilities in the Middle East pushed world oil prices around. The change means pump prices can now move on consecutive days, as they have this week.

Fuel prices have climbed steeply since the US-Iran war began on 28 February. Dawn notes that diesel started rising from Rs281 a litre after the war broke out, while petrol rose from Rs266 in the first week of March.

To soften the blow, the government has already taken a set of saving steps. Markets must close by 9pm, and fuel for official vehicles has been cut by half for three months. On 13 September, Prime Minister Shehbaz Sharif also announced a relief scheme for owners of motorcycles, rickshaws and vehicles of up to 800cc.

Reactions and Statements

Fuel dealers had already warned buyers against panic buying last week, saying bulk purchases would distort the market. Senators have also raised worries about fuel supply, even after Minister of State for Finance Bilal Azhar Kayani said there were no supply problems.

Pressure for relief is building in politics too. On Tuesday, Jamaat-i-Islami chief Hafiz Naeemur Rehman met Prime Minister Shehbaz Sharif in Islamabad to press his party's demand that the petroleum levy be abolished. The two sides agreed to form a joint committee of the party and the government to look at widening the fuel relief scheme.

Rehman warned that his party would march to Islamabad in mid-November if no major relief was announced by then. That threat now hangs over the next price decision, which falls due when the current three day rates expire on 2 November.

Why This News Matters

Diesel is the fuel that moves the country. Trucks, buses, farm machinery, power plants and large generators all run on it, so a diesel rise feeds into transport fares, food prices and farm costs. Petrol, used mostly in cars, bikes and rickshaws, staying flat gives ordinary motorists a small break, but it does not offset the diesel hit.

For a household, the maths is simple. A bike or small car owner filling with petrol pays the same as yesterday. A farmer hiring a tractor, a shopkeeper paying for a delivery truck, or a passenger on an intercity bus is likely to feel the Rs2.29 rise in the days ahead, as higher transport costs pass through.

The key figures, before and after:

• Petrol: Rs377.91, unchanged, from 31 October to 2 November
• Diesel: Rs400.67 to Rs402.96, up Rs2.29, from 31 October to 2 November
• Diesel a day earlier: Rs399.82 to Rs400.67, up 85 paise, on 30 October
• Taxes and duties: Rs114 per litre on petrol, Rs100 per litre on diesel

Readers who followed the last revision can catch up in our earlier report on diesel rising to Rs400.67 on 30 October, while the wider cost pressure on households is also visible in Lahore's smog crisis and in the latest US economic figures that shape world oil prices.

Future Developments

The next revision is due when these rates expire on 2 November, and traders will watch whether diesel rises for a third time or steadies. World oil prices, the rupee, and the seven day average OGRA uses will decide the number.

Watch also for the joint committee set up after the Jamaat-i-Islami meeting, and for any word on widening the relief scheme for small vehicles. If no major relief comes by mid-November, the party's promised march to Islamabad could put fuel prices back at the centre of politics.

Sources

Dawn: Petrol price unchanged, high-speed diesel raised by Rs2.29
Geo News: Govt keeps petrol price unchanged, raises diesel by Rs2.29 per litre
Aaj English TV: Govt raises diesel price, keeps petrol unchanged

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