ISLAMABAD:The government has reduced petrol prices by Rs5.16 per litre and high-speed diesel (HSD) by Rs7.69 for October 20, lowering their respective prices to Rs381.14 and Rs389.27 per litre and offering some relief to consumers facing high fuel and living costs.
According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products under the government’s daily petroleum pricing mechanism. The revised rates are applicable for October 20, 2026.
Following the reduction, the price of petrol has fallen from Rs386.30 to Rs381.14 per litre, while high-speed diesel has dropped from Rs396.96 to Rs389.27 per litre.
The larger reduction in diesel prices is expected to provide some relief to transport operators, farmers and businesses that depend heavily on diesel-powered vehicles and machinery.
High-speed diesel is widely used by buses, trucks, freight vehicles, tractors, tube wells and other agricultural machinery. Its price directly affects operating expenses in the transport and agriculture sectors and can influence the cost of moving goods, agricultural produce and essential commodities.
At the revised rate, a consumer purchasing 100 litres of diesel will save Rs769 compared with the previous price. However, the extent of any broader relief will depend on whether transporters and businesses pass on lower fuel expenses through reduced fares, freight charges and other costs.
The reduction in petrol prices will also ease the fuel bills of motorcycle owners, private motorists, taxi operators and other users of petrol-powered vehicles. A purchase of 20 litres of petrol will now cost Rs7,622.80, representing a saving of Rs103.20 compared with the previous rate.
For consumers purchasing 100 litres of petrol, the reduction translates into savings of Rs516.
Despite the cuts, fuel expenses will continue to weigh on household budgets and business operations. The impact on the prices of essential goods and transportation services will depend on broader market conditions and how quickly lower fuel costs are reflected in fares and commodity prices.
The Petroleum Division attributed the latest adjustment to developments in international markets and related pricing factors, including changes in Platts rates, petroleum premiums and incidental expenses.
The latest revision brings a greater per-litre reduction in diesel prices than in petrol, offering comparatively more relief to diesel-dependent sectors.
The revised ex-depot prices will remain applicable for October 20, 2026, under the government’s daily petroleum pricing mechanism.