The Oil and Gas Regulatory Authority (OGRA) has cut the price of petrol by Rs6.59 per litre and diesel by Rs4.25 per litre, according to a notification it issued in Islamabad.
Under the notification, petrol will now cost Rs346 per litre, down from Rs352.59. Diesel has been reduced to Rs378 from Rs382.25 per litre. The revised prices will remain in effect until November 10, the notification said.
| Product | Previous | New | Change |
|---|---|---|---|
| Petrol (per litre) | Rs 352.596 Nov 2026 | Rs 346.00from 7 Nov 2026 | ▼ Rs 6.59 (−1.87%) |
| High-Speed Diesel (per litre) | Rs 382.256 Nov 2026 | Rs 378.00from 7 Nov 2026 | ▼ Rs 4.25 (−1.11%) |
Source: OGRA notified prices. Data: OilPrices.pk, CC BY 4.0. Prices are maximum ex-depot rates; retail pumps may differ slightly.
Petroleum dealers call for refinery profit audit
Earlier, petroleum dealers demanded a forensic audit of oil refineries’ profits, arguing that a transparent review could reveal room to cut petrol prices by Rs50 per litre. The demand was raised at an emergency meeting in Karachi, where participants discussed refinery profits, pricing and possible relief for consumers.
Also read: Petrol price cut by Rs5.45 as OGRA raises diesel rate
Dealers Malik Khuda Bakhsh and Anwar Kamal called for a transparent audit of the financial affairs of all refineries to establish their actual profits. Malik Khuda Bakhsh said refineries had earned in three months what would normally amount to a full year’s earnings. Kamal said consumers could receive relief of Rs40 to Rs50 per litre on petrol if the matter was properly examined.
Dealers allege excessive earnings and seek consumer relief
The dealers said the petroleum minister’s statement had confirmed their reservations. They alleged that refineries had earned excessive profits and called for consumers to receive the relief they are owed.
They also urged a comprehensive audit of refinery financial records to determine past earnings and prevent further financial burdens on consumers in the future.
