Pakistan slashes petrol, diesel prices by as much as Rs5 per liter

A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi, Pakistan, on September 16, 2023. (REUTERS/File)
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  • Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends
  • The latest reduction in prices is likely to bring some relief to consumers in the South Asian nation

ISLAMABAD: Pakistan has reduced the prices of petroleum products by as much as Rs5 per liter for the next fortnight, the finance division said late Wednesday.

The government reduced the price of petrol by Rs5.66 per liter to Rs263.02 and that of high-speed diesel by Rs1.39 to Rs275.41 per liter, according to a finance division notification.

The price of superior kerosene oil was slashed by Rs3.26 to Rs181.71 per liter, whereas the rate of light diesel oil went down by Rs2.74 to Rs162.76.

“The Government has adjusted the prices of petroleum products for the fortnight starting tomorrow (October 16, 2025), based on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and the relevant Ministries,” the notification read.

Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations and changes in domestic taxation. The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping sustain the country’s fuel supply chain.

Petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers, while diesel powers heavy vehicles used for transportation of good across the South Asian country.

Any increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food. The effect is further amplified by Pakistan’s reliance on imported fuel.

On Oct. 1, the government had increased the price of petrol by Rs4.07 per liter and high-speed diesel (HSD) by Rs4.04 per liter for the next fortnight, the finance division had announced.