The federal government has cut the price of petrol by Rs3.63 per litre and raised high-speed diesel (HSD) by 31 paisas, under a new price notification that took effect at midnight on Friday, October 16, 2026, the Petroleum Division announced.
Petrol now retails at Rs390.23 per litre, down from Rs393.86 a day earlier, while HSD — the fuel that powers most of Pakistan’s trucking, transport and agricultural machinery — has edged up to Rs396.96 per litre from Rs396.65, according to The Express Tribune. Dawn.com corroborated both figures in its own report on the revised rates, with no discrepancy between the two.
| Fuel | Oct 15 Price (Rs/Litre) | Oct 16 Price (Rs/Litre) | Change |
|---|---|---|---|
| Petrol | 393.86 | 390.23 | −Rs3.63 |
| High-Speed Diesel (HSD) | 396.65 | 396.96 | +31 paisas |
Since July 17, 2026, the Petroleum Division has been reviewing and notifying fuel prices daily instead of fortnightly, so pump prices now move in smaller, more frequent steps rather than one larger jump every two weeks. The last three days show exactly that pattern: petrol fell Rs2.71 on October 14 to Rs392.66, rose Rs1.20 on October 15 to Rs393.86, then fell again by Rs3.63 on October 16 to today’s Rs390.23. Diesel followed a similar back-and-forth, moving from Rs396.82 on October 14 to Rs396.65 on October 15 (down 17 paisas), before ticking back up to Rs396.96 today.
Pakistan imports the bulk of its petroleum needs, so pump prices track global crude movements closely. On Thursday, Brent crude held roughly flat at around $106.08 a barrel, while West Texas Intermediate (WTI) jumped $2.96 to $98.05, with traders citing renewed Saudi Arabia-Houthi tensions and broader Middle East volatility as the main driver keeping a risk premium in oil markets.
“The ongoing conflict between Saudi Arabia and the Houthis is keeping a geopolitical premium in oil markets,” analysts at MUFG said, as cited by The Express Tribune, though they noted energy infrastructure in the region has not been attacked in the past several days.
For readers tracking how these day-to-day revisions have moved since the switch to daily pricing, PakDaily’s previous petrol price report from late September offers a useful point of comparison.
