ISLAMABAD: The government has increased petrol and high-speed diesel prices by Rs0.88 and Rs0.53 per litre, respectively, for October 21, pushing petrol to Rs382.02 per litre and diesel to Rs389.80, adding to the fuel bills of motorists and transporters.
According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices under the government’s petroleum pricing mechanism. The revised rates are applicable on October 21, 2026.
The price of Motor Spirit (petrol) has increased to Rs382.02 per litre from Rs381.14, while the price of High-Speed Diesel (HSD) has risen to Rs389.80 per litre from Rs389.27.
The increase means motorists will pay more for every litre of petrol purchased, while diesel-powered transport vehicles will also face higher fuel expenses. Transporters’ operating costs may come under additional pressure, with any subsequent impact on fares and freight charges depending on market conditions and operators’ decisions.
Higher diesel prices are particularly significant for the transport of passengers and goods because diesel is widely used by buses, trucks and other commercial vehicles. Any increase in freight costs could feed into the prices of goods transported across the country, potentially adding to the financial pressure on consumers.
The Petroleum Division attributed the latest adjustment to global events, citing changes in Platts benchmark rates, premiums and incidentals. These factors contribute to the calculation of petroleum import costs and influence domestic fuel prices under the prevailing pricing mechanism.
With petrol now costing Rs382.02 per litre and diesel Rs389.80, both major fuels remain close to the Rs400-per-litre mark, leaving households, commuters and businesses sensitive to further price movements.