Petrol becomes cheaper by Rs3 per litre and high-speed diesel by Rs7, with the revised prices taking effect from November 12, 2026.
ISLAMABAD: The federal government has announced another reduction in petroleum prices, providing some relief to consumers as petrol and high-speed diesel (HSD) become cheaper from November 12, 2026.
Under the latest revision announced by the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been reduced by Rs3 per litre, while high-speed diesel has been cut by Rs7 per litre.
Following the reduction, petrol will now cost Rs335 per litre, down from Rs338. The price of high-speed diesel has fallen from Rs371 to Rs364 per litre.
New petrol and diesel prices
The revised prices are:
- Petrol: Rs335 per litre (down Rs3)
- High-speed diesel: Rs364 per litre (down Rs7)
The latest cuts follow another round of reductions announced a day earlier, when petrol became cheaper by Rs8 per litre and diesel by Rs7.
Diesel reduction may ease transport costs
The reduction in diesel prices is particularly important for the transport, logistics and agriculture sectors, as heavy vehicles, buses, tractors and other machinery depend on high-speed diesel.
Lower fuel costs may help reduce operating expenses for businesses and transport operators. However, the actual relief for passengers and consumers will depend on whether these savings are passed on.
Fuel levy and taxes remain an important part of prices
The government continues to collect taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel, according to the reported price breakdown.
A temporary arrangement announced earlier also requires oil refineries to contribute towards the petroleum levy over a 30-day period, with a stated cumulative impact of Rs15 billion.
The revised prices took effect on November 12, 2026.
