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November 06, 2026

Petrol Price Slashed by Rs9.41 Per Liter, High-Speed Diesel by Rs5.56

Islamabad: The government on Thursday dropped the price of petrol by Rs9.41 per liter and that of high-speed diesel (HSD) by Rs5.56, in the fourth consecutive  reduction  in fuel prices.

Following the revision, petrol will retail at Rs352.59 per liter, while HSD will cost Rs382.25 on Nov 6 (Friday), according to a notification by the Oil and Gas Regulatory Authority (Ogra).

The government continues to levy Rs114 per liter in taxes and duties on petrol and Rs100 per liter on diesel.

Under an  arrangement  announced on Monday for 30 days, oil refineries will contribute to the petroleum levy by bearing a cumulative impact of Rs15 billion, according to the government. This allows a Rs14.71 reduction in the petrol price at the consumer end.

Addressing a press conference on Tuesday, Petroleum Minister Ali Pervaiz Malik said efforts were being made to introduce a similar system for liquefied petroleum gas (LPG).

Meanwhile, the Jamaat-i-Islami and the government are set to follow up on their  recent discussions  on possible relief in petroleum prices and hold another round of talks on Thursday, the party said.

The price of HSD has come down from a  peak of Rs520.35  recorded on April 3. Its price had started rising from Rs281 per liter after the US-Iran war broke out on Feb 28.

The petrol price had  peaked at Rs458.41  on April 3 after beginning its  upward trajectory  from Rs266 in the first week of March.

Meanwhile, the government has  reintroduced  a raft of austerity measures in response to rising fuel prices amid the ongoing Middle East conflict. Under these measures, markets are required to close by 9pm, and fuel allocations for official vehicles have been cut by 50pc for three months.

On Sept 13, PM Shehbaz also announced a “ relief scheme ” for users of motorcycles, autos and vehicles of up to 800cc to “alleviate the burden” of rising global oil prices.

Previously, on July 17, the petroleum minister  announced  that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.

Prior to that, the government had been announcing  weekly revisions  to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also  announced  targeted relief measures to provide subsidized fuel. - Dawn

Courtesy Dawn

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