Islamabad, October 15,2026: The government on Thursday reduced the price of petrol by Rs3.63 per litre but increased the price of high-speed diesel (HSD) by 31 paisa per litre for the next pricing period.
Following the revision, petrol will be available at Rs390.23 per litre, while HSD will cost Rs396.96 per litre, according to a notification issued by the Petroleum Division.
The revised prices will take effect from Friday, October 16.
The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.
The price of HSD has declined from its peak of Rs520.35 per litre recorded on April 3. It had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
Petrol prices also climbed sharply, reaching Rs458.41 per litre on April 3 after beginning their upward trajectory from Rs266 in the first week of March.
Austerity measures amid fuel price pressures
Meanwhile, the government has reintroduced several austerity measures in response to rising fuel prices amid the ongoing conflict in the Middle East. Under the measures, markets are required to close by 9pm, while fuel allocations for official vehicles have been reduced by 50 per cent for three months.
On September 13, Prime Minister Shehbaz Sharif announced a relief scheme for users of motorcycles, rickshaws and vehicles with engine capacities of up to 800cc to help ease the burden of rising international oil prices.
Earlier, on July 17, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would be determined daily in response to fluctuations in international markets following renewed hostilities between Iran and the United States.
Before the shift to daily pricing, the government had announced weekly fuel price revisions since early March, alongside measures to conserve fuel amid concerns over potential oil supply disruptions caused by the Middle East conflict.
The federal government also announced targeted subsidised fuel relief measures in April.
The petroleum minister said the cabinet and the prime minister had decided to assign the Oil and Gas Regulatory Authority (OGRA) responsibility for determining fuel prices daily in line with international market trends.
