ISLAMABAD: Consumers will get limited relief in fuel prices on September 24, with high-speed diesel (HSD) falling by Rs4.21 per litre to Rs414.75 and petrol by Rs1.93 to Rs390.12 amid fluctuations in international oil markets.
According to the Petroleum Division, the government has revised petroleum product prices under the federal government’s petroleum pricing mechanism, with the new rates applicable on September 24, 2026.
The price of HSD has been reduced from Rs418.96 to Rs414.75 per litre, providing consumers with a Rs4.21-per-litre reduction. Petrol, or Motor Spirit (MS), has been cut from Rs392.05 to Rs390.12 per litre, marking a Rs1.93-per-litre decrease.
Following the latest revision, motorists will pay Rs390.12 per litre for petrol, while consumers using diesel will pay Rs414.75 per litre during the applicable pricing period.
The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the government’s petroleum pricing mechanism before the revised rates were announced by the Petroleum Division.
The Petroleum Division attributed the latest adjustment to changes in international market conditions, including Platts rates, premiums and other applicable incidentals.
The larger reduction in HSD prices is particularly significant for the transport and freight sectors, which rely heavily on diesel for the movement of passengers and goods. Agriculture is also directly affected as diesel is widely used to operate tractors, tube wells and other farm machinery.
A reduction in diesel prices can therefore lower fuel expenses for transport operators, freight companies and farmers, although the extent to which consumers ultimately benefit through lower transport and commodity costs will depend on how much of the reduction is passed through the supply chain.
Petrol consumers, meanwhile, will receive a comparatively smaller relief of Rs1.93 per litre. Petrol is widely used by motorcycles, cars and other private vehicles, making its price particularly relevant to household transportation expenses.
The latest reduction comes amid continued volatility in international oil markets, where movements in benchmark crude prices, product prices, premiums and other pricing components influence Pakistan’s domestic petroleum prices.
Despite the latest cuts, petrol remains close to Rs390 per litre and HSD above Rs414 per litre, keeping fuel costs a significant expense for motorists and businesses.
The revised petroleum prices are applicable on September 24, 2026.
