ISLAMABAD – Pakistani government announced another cut in petrol price, pushing the rate to its lowest reported level of October 2026. However, the relief comes with a bitter twist for transporters and businesses, as high-speed diesel has become more expensive.
The government has slashed the petrol price by Rs3.19 per litre, bringing it down to Rs376.06, while high-speed diesel (HSD) has been increased by Rs2.25 to Rs398.07 per litre.
| Fuel type | Old price | New price | Change |
|---|---|---|---|
| Petrol | Rs379.25 | Rs376.06 | Rs3.19 – |
| High-speed diesel | Rs395.82 | Rs398.07 | Rs2.25 + |
Petrol Prices Trends in October 2026
The biggest story behind the latest announcement is the remarkable turnaround in petrol prices during October. At the beginning of the month, prices were moving rapidly upward, leaving motorists concerned about how expensive fuel could become.
Petrol was available at Rs387.40 per litre on October 1, but within eight days, the price had jumped to Rs398.96. The market then witnessed a reversal, with successive reductions gradually erasing the earlier increases. One of key developments came on October 20, when the government announced a Rs5.16 reduction, bringing petrol down to Rs381.14 per litre.
| Date | Petrol price per litre | Increase/decrease |
|---|---|---|
| October 1 | Rs387.40 | −Rs0.14 |
| October 2 | Rs390.66 | +Rs3.26 |
| October 3–5 | Rs392.76 | +Rs2.10 |
| October 6 | Rs393.64 | +Rs0.88 |
| October 7 | Rs394.83 | +Rs1.19 |
| October 8 | Rs396.65 | +Rs1.82 |
| October 9 | Rs398.96 | +Rs2.31 |
| October 10–12 | Rs398.30 | −Rs0.66 |
| October 13 | Rs395.37 | −Rs2.93 |
| October 14 | Rs392.66 | −Rs2.71 |
| October 15 | Rs393.86 | +Rs1.20 |
| October 16 | Rs390.23 | −Rs3.63 |
| October 17–19 | Rs386.30 | −Rs3.93 |
| October 20 | Rs381.14 | −Rs5.16 |
| October 21 | Rs382.02 | +Rs0.88 |
| October 22 | Rs379.31 | −Rs2.71 |
| October 23 | Rs377.71 | −Rs1.60 |
| October 24–26 | Rs377.71 | — |
| October 27 | Rs379.25 | +Rs1.54 |
| October 28 | Rs376.06 | −Rs3.19 |
International Oil Prices
The changes in Pakistan’s domestic petroleum prices come against a complicated international backdrop, with global crude markets reacting to both diplomatic developments and continuing geopolitical threats.
International oil prices eased on Tuesday as traders assessed the prospects of renewed peace initiatives in the Middle East. Brent crude declined to $114.81 per barrel, while US West Texas Intermediate (WTI) slipped to $100.98.
With petrol now at its lowest reported level of October, attention is turning to whether the downward trend can continue. The decline from Rs398.96 on October 9 to Rs376.06 on October 28 shows how quickly petroleum prices have changed within a relatively short period.
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