The federal government has announced another reduction in petrol and diesel prices, bringing fresh relief to millions of consumers across Pakistan. The revised rates took effect on Thursday, November 12, 2026.
According to the Oil and Gas Regulatory Authority (OGRA), the government reduced petrol prices by Rs. 3 per litre. The latest adjustment brought the price down from Rs. 338 to Rs. 335 per litre.
Meanwhile, high-speed diesel prices dropped by Rs. 7 per litre. The new diesel rate stands at Rs. 364 per litre, compared with the previous Rs. 371.
The latest decision follows another major reduction announced on November 10. At that time, the government lowered petrol prices by Rs. 8 and diesel prices by Rs. 7 per litre.
These consecutive reductions offer some financial relief to motorists, transport operators, and businesses struggling with high fuel expenses.
However, consumers continue to face significant petroleum taxes. According to government figures, petrol carries Rs. 114 per litre in taxes and duties, while diesel carries Rs. 100.
The government has also introduced measures to reduce petroleum costs through contributions from oil refineries.
Under a 30-day arrangement announced earlier this month, refineries will contribute Rs. 15 billion toward the petroleum levy. Officials expect the measure to support further consumer relief.
Lower diesel prices could help reduce transportation and agricultural operating costs. However, any decrease in public transport fares or food prices will depend on market conditions.
Pakistan’s fuel prices remain sensitive to international oil markets, exchange rate movements, and government taxation policies.
Consumers will now watch upcoming price revisions to determine whether the downward trend continues.
