What happened

According to Dawn, the government has updated domestic fuel prices, raising petrol by Rs1.19 per litre and reducing high-speed diesel (HSD) by Rs1.91 per litre. A notification issued by the Petroleum Division confirms that these revised prices take effect on Wednesday, Oct 7. Following the adjustment, petrol is set at Rs394.83 per litre, while HSD will cost Rs395.85 per litre. The government maintains existing taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel.

Key facts

According to Dawn, several measures and price developments preceded this latest revision:

  • Petrol previously peaked at Rs458.41 on April 3 after beginning an upward trend from Rs266 during the first week of March.
  • HSD reached a high of Rs520.35 on April 3, having increased from Rs281 per litre after conflict broke out between the US and Iran on February 28.
  • Petroleum Minister Ali Pervaiz Malik announced on July 17 that the Oil and Gas Regulatory Authority (Ogra) was instructed to set fuel prices on a daily basis due to international market changes. This replaced weekly price revisions that began in early March.
  • On September 13, Prime Minister Shehbaz Sharif introduced a relief program for users of motorcycles, autos, and vehicles up to 800cc. Specific financial details of the relief scheme were not specified in the source; please check the official notice.
  • To conserve fuel during the ongoing Middle East conflict, the government reinstated austerity rules requiring commercial markets to close by 9pm and cutting official vehicle fuel allocations by 50 percent for three months.

Why it matters

As reported by Dawn, petrol and high-speed diesel are primary revenue drivers, generating monthly sales between 700,000 and 800,000 tonnes, compared to monthly kerosene demand of 10,000 tonnes. Changes in petrol prices primarily influence middle and lower-middle-class citizens who rely on two-wheelers, rickshaws, and small personal vehicles. Meanwhile, diesel price adjustments affect the wider public, as HSD is heavily utilized across public power plants, large generators, and the heavy transport industry.

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Source: Dawn - Home · Published October 06, 2026 · Photo by Brett Jordan on Unsplash