ISLAMABAD — The federal government on Tuesday cut the prices of petrol and high-speed diesel (HSD) for the second consecutive day, lowering petrol by Rs1.49 a litre and diesel by Rs2.73 a litre, effective Wednesday, September 30, 2026.
Under the new rates notified by the Petroleum Division, petrol will sell at Rs387.54 a litre, down from Rs389.03, while high-speed diesel will cost Rs402.24 a litre, down from Rs404.97.
The Oil and Gas Regulatory Authority (OGRA) revised the prices under the federal government’s petroleum pricing mechanism, citing shifts in Platts rates, premiums and other global market costs.
The cut follows a similar reduction on September 28, when petrol was lowered by Rs2.27 a litre and diesel by Rs3.56 a litre. Together, the two daily revisions have made petrol Rs3.76 a litre cheaper and diesel Rs6.29 a litre cheaper over two days.
The government moved to daily fuel price reviews in July 2026, replacing the earlier weekly system, amid heightened volatility in international oil markets. The weekly review itself had been introduced after the outbreak of the Israel-Iran conflict in February, which intensified with US involvement and disrupted energy shipments through the Strait of Hormuz, a key route for global oil supplies.
Petroleum Minister Ali Pervaiz Malik said last week that the new mechanism is based on a rolling seven-day average of international petroleum prices, aligning Pakistan’s fuel pricing with global practice, and that OGRA would publish updated prices daily to improve transparency.
Brent crude was trading around $103.32 a barrel on September 29, with global markets remaining volatile over Middle East supply concerns.
