Update · 3 Nov 2026, 11:05 PM PKT: The government cut petrol prices by Rs45 and high-speed diesel (HSD) by Rs3.68 per litre, according to an official notification issued on Tuesday. The notification set HSD at Rs391.52 per litre, down from Rs395.20, which OGRA had earlier put at Rs395.20 after a Rs3.68 increase.
Petrol will cost Rs369.06 per litre, down from Rs374.51, and the revised prices take effect from midnight, according to a government press release. Petroleum Minister Ali Pervez Malik said the government had provided subsidies worth Rs1,300 billion to the people.
| Product | Previous | New | Change |
|---|---|---|---|
| Petrol (per litre) | Rs 377.9131 Oct 2026 | Rs 374.51from 3 Nov 2026 | ▼ Rs 3.40 (−0.90%) |
| High-Speed Diesel (per litre) | Rs 402.9631 Oct 2026 | Rs 395.20from 3 Nov 2026 | ▼ Rs 7.76 (−1.93%) |
Source: OGRA notified prices. Data: OilPrices.pk, CC BY 4.0. Prices are maximum ex-depot rates; retail pumps may differ slightly.
The Oil and Gas Regulatory Authority (OGRA) has cut the petrol price by Rs5.45 per litre while raising the diesel rate by Rs3.68 per litre.
Petrol will now sell for Rs369.06 a litre and diesel for Rs395.20 a litre. The revised rates take effect on November 4, an OGRA spokesperson said.
Dealers push for audit of refinery profits
Earlier, petroleum dealers had demanded a forensic audit of oil refineries’ profits, arguing that a transparent review could reveal room to lower petrol prices by Rs50 per litre. The demand was made at an emergency meeting in Karachi, where participants discussed refinery earnings, fuel pricing and possible relief for consumers.
Dealers Malik Khuda Bakhsh and Anwar Kamal called for a transparent audit of the financial affairs of all refineries to establish their actual profits. Khuda Bakhsh said refineries had earned in three months what would normally be a full year’s profit, and that an audit would expose the facts.
Consumer relief and alleged excessive refinery earnings
Anwar Kamal said consumers could receive relief of Rs40 to Rs50 per litre on petrol if the matter were properly examined. The dealers said the petroleum minister’s statement had confirmed their reservations.
They alleged that refineries had earned excessive profits and urged a comprehensive audit of past financial records. The aim, they said, is to determine previous earnings and stop additional burdens on consumers in future.
