Key Takeaways
- Petrol prices have been reduced to Rs. 377.71 per litre.
- Diesel prices have increased to Rs. 391.75 per litre.
- The adjustment follows a series of daily revisions since October.
The federal government has announced a reduction in the price of motor spirit (MS) petrol, bringing the new rate to Rs. 377.71 per litre, effective immediately. This adjustment comes after a series of daily revisions to fuel prices, which have fluctuated significantly since the beginning of October.
In contrast, diesel prices have seen an increase, rising to Rs. 391.75 per litre. The government has been making daily adjustments to fuel rates, with petrol prices increasing by Rs. 67 per litre and diesel by Rs. 68.45 per litre since the start of the revisions.
The latest price changes follow a commitment made in early September by the government and Jamaat-i-Islami Pakistan (JI) to form committees aimed at reducing the petroleum levy. However, these commitments have not been fully realized, leading JI to announce a third phase of nationwide protests, with planned sit-ins scheduled for the coming days.
The current tax and duty structure on petrol stands at Rs. 114 per litre, while diesel is taxed at Rs. 100 per litre. The government has been revising these rates daily, with the most recent changes taking effect on October 22, 2026.
Prior to this adjustment, petrol prices had been as high as Rs. 398.30 per litre on October 9, 2026, and diesel had reached Rs. 400.35 per litre on the same day. The fluctuation in prices has been significant, with daily revisions impacting the cost of fuel for consumers.
The government's decision to reduce petrol prices by Rs. 1.6 per litre is expected to provide some relief to motorists, although the increase in diesel prices by Rs. 1.64 per litre may offset some of these savings.
The daily revisions to fuel prices have been a source of concern for many, with the government and opposition parties engaging in ongoing discussions to find a sustainable solution to the issue of fuel levies.
The latest price adjustments are part of an ongoing effort to balance the needs of consumers with the fiscal requirements of the government. However, the fluctuating nature of these rates continues to impact the daily lives of Pakistani citizens.
