The federal government has reduced petrol prices for the first time since September, offering slight relief to motorists amid frequent fuel price adjustments. Under the latest revision announced on Friday, October 9, 2026, petrol prices fell by Rs. 0.66 per litre.
The new petrol price stands at Rs. 398.30 per litre, down from Rs. 398.96. However, the government increased the price of high-speed diesel by Rs. 0.52 per litre, bringing it to Rs. 396.24 from Rs. 395.72.
New Fuel Prices Take Effect Across Pakistan
The revised rates will remain effective from October 10 to October 12, 2026. The Oil and Gas Regulatory Authority (OGRA) revised petroleum prices under the government’s daily fuel pricing mechanism.
The latest adjustment follows Thursday’s increase, when the government raised petrol prices by Rs. 2.31 per litre and diesel prices by Rs. 0.78 per litre. Consequently, the latest reduction partially reverses the recent increase in petrol costs.
Global Oil Market Movements Influence Rates
According to the Petroleum Division, changes in international market indicators prompted the latest revision. These factors include movements in Platts prices, premiums and other associated costs.
Since the government introduced daily fuel price reviews, petroleum rates have fluctuated frequently in response to changing market conditions. The revised mechanism aims to reflect international price movements more quickly in domestic fuel prices.
Despite the latest reduction, petrol remains close to Rs. 400 per litre, keeping transportation costs a concern for households and businesses. Meanwhile, the increase in diesel prices could add pressure to freight operators and other businesses that rely heavily on diesel-powered vehicles.
Consumers will continue monitoring daily announcements as international oil prices and related costs influence the country’s fuel rates.
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