ISLAMABAD: The government has reduced petrol prices by Rs2 per litre to Rs330, while keeping high-speed diesel (HSD) unchanged at Rs360 per litre for three days, offering limited relief to consumers amid persistent inflationary pressures.
According to Oil and Gas Regulatory Authority (OGRA) on Friday, the revised prices will be applicable from November 14 to November 16, 2026, under the petroleum pricing mechanism approved by the federal government.
The latest reduction follows Thursday’s decision to cut petrol by Rs3 per litre to Rs332 and HSD by Rs4 to Rs360 per litre.
On a weekly basis, petrol prices have declined by Rs16, or 4.6%, from Rs346 per litre announced last Friday. Similarly, diesel prices have dropped by Rs18, or 4.8%, from Rs378 per litre over the same period.
The latest petrol price cut is expected to provide some relief to motorcycle owners, private vehicle users and other petrol consumers. However, the unchanged diesel price means transporters, farmers and businesses relying on diesel-powered vehicles and machinery will not receive any additional relief.
Diesel is widely used in public transport, goods transportation and agricultural machinery. Its price has a direct bearing on transportation costs and can influence the prices of essential commodities, adding to the financial burden on ordinary households.
Meanwhile, international oil prices were mixed on Friday but remained on course for a second consecutive weekly decline as easing fears of renewed direct conflict between the United States and Iran weighed on market sentiment. However, attacks on shipping continued to pose a risk to global oil supplies.
Brent crude futures rose 39 cents, or 0.4%, to $96.21 per barrel at 1200 GMT, while US West Texas Intermediate (WTI) crude futures declined 12 cents, or 0.1%, to $88.62 per barrel.
