ISLAMABAD: Motorists will get a reduction of Rs2.71 per litre in petrol prices on October 22, bringing the rate below Rs380, while diesel users will face a marginal increase of 31 paisa per litre, according to the Petroleum Division.
Following the latest revision, the ex-depot price of petrol has been reduced from Rs382.02 to Rs379.31 per litre. In contrast, the price of high-speed diesel (HSD) has increased from Rs389.80 to Rs390.11 per litre.
The reduction in petrol prices will provide some relief to millions of motorists and motorcycle users who rely on the fuel for daily commuting. However, the cut remains limited in the context of the overall burden of fuel expenses on household budgets.
For diesel consumers, the latest adjustment moves prices in the opposite direction. Goods transporters, public transport operators and businesses using diesel-powered vehicles will face a slight increase in fuel expenditure, adding to their operating costs.
The impact of diesel prices extends beyond the transport sector. Farmers rely on diesel-powered tractors, tube wells and other machinery, while freight operators use the fuel to move goods across the country. Changes in diesel prices can therefore influence transportation and production expenses, although the extent of any impact on consumer prices will depend on other costs and market conditions.
The latest revision reflects differing movements in the prices of the two major petroleum products. Petrol has become cheaper, while diesel has recorded a marginal increase, leaving consumers with different outcomes depending on their fuel requirements.
According to the Petroleum Division, the revision takes into account international petroleum market indicators, including Platts rates, premiums and other incidental costs. The revised prices will apply on October 22, 2026.
