Government Announces Petrol and Diesel Price Cuts Effective November 4
ISLAMABAD — November 3, 2026 — In a much-needed relief for consumers, the federal government has officially announced a reduction in petroleum product prices across the country, following a formal notification issued by the Oil and Gas Regulatory Authority (OGRA).
Under the revised pricing structure, both motor spirit and high-speed diesel rates have been lowered to reflect international market adjustments.
What Are the New Rates for Petrol and Diesel?
According to the official OGRA notification, the downward price revision takes immediate effect starting November 4:
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Petrol Price Reduction: The price of petrol has been reduced by PKR 5.45 per liter, bringing the new retail price down to PKR 369.06 per liter.
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Diesel Price Reduction: High-speed diesel saw a decrease of PKR 3.68 per liter, setting the new rate at PKR 391.52 per liter.
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Effective Date: The newly revised petroleum and diesel prices officially take effect on November 4, 2026.
How Will the Price Cut Impact Consumers?
Economic analysts note that while inflation remains a critical challenge, minor relief in fuel tariffs helps ease transportation costs and moderates daily commodity prices for urban and rural households alike.
