The federal government has reduced the price of petrol by Rs3.93 per litre in Pakistan while keeping high-speed diesel (HSD) prices unchanged for the three-day period from October 17 to October 19, 2026. According to a notification issued by the Petroleum Division, petrol will now cost Rs386.30 per litre, while diesel remains priced at Rs396.96 per litre.
The latest petrol price reduction follows another cut of Rs3.63 per litre announced a day earlier. However, diesel prices were increased by 31 paisas per litre for October 16. These frequent revisions reflect the government’s daily petroleum pricing mechanism, introduced in July to respond to fluctuations in international oil markets and changing supply conditions.
Global energy market uncertainty continues to influence Pakistan’s domestic fuel prices. Tensions in the Middle East, concerns about oil supplies and potential disruptions to major shipping routes have contributed to volatility in international crude markets. As Pakistan relies heavily on imported petroleum products, movements in global prices can affect the cost of fuel within the country.
International oil prices rose sharply on Friday. Brent crude futures increased by $3.41, or 3.2%, to $109.34 per barrel, while US West Texas Intermediate (WTI) crude gained $2.74, or 2.8%, to reach $100.67 per barrel. The US benchmark crossed the $100 mark for the first time since September 21, amid concerns about Middle Eastern supplies and the availability of Russian diesel in international markets.
Meanwhile, Prime Minister Shehbaz Sharif has announced a proposed fuel subsidy of Rs100 per litre for motorcycles, three-wheeler rickshaws and cars with engine capacities of up to 800cc. The scheme is expected to cover approximately 11.8 million beneficiaries. Eligible motorcycle and rickshaw users would receive relief on up to 20 litres per month, offering a maximum benefit of Rs2,000. Owners of eligible small cars would qualify for relief on up to 30 litres monthly, with a maximum benefit of Rs3,000.
The government has also introduced austerity and fuel conservation measures to manage energy costs. Under the announced restrictions, shops, markets and shopping malls must close by 9pm, while marriage halls and other event venues must close by 10pm. Restaurants and food outlets can operate until 11pm, while takeaway and home delivery services are exempt from the restrictions.
With international oil markets remaining volatile, future domestic petroleum prices will depend on global crude prices, supply conditions and the government’s pricing decisions. Consumers and businesses will continue to monitor fuel rates because changes in petrol and diesel costs can affect transportation expenses, household budgets and the prices of goods and services.
