Petrol and diesel got cheaper in Pakistan for the second review in a row, with the government cutting petrol by Rs1.93 and high-speed diesel (HSD) by Rs4.21 per litre, effective Wednesday, September 24, 2026. The fresh cut brings petrol down to Rs390.12 per litre and HSD to Rs414.75 per litre, according to a notification from the Petroleum Division under the Oil and Gas Regulatory Authority (OGRA)’s pricing formula.
| Fuel | Previous Price (per litre) | New Price (per litre) | Change |
|---|---|---|---|
| Petrol (Motor Spirit) | Rs392.05 | Rs390.12 | -Rs1.93 |
| High-Speed Diesel (HSD) | Rs418.96 | Rs414.75 | -Rs4.21 |
This is the second straight review with a cut for both products — petrol had fallen by Rs1.70 and HSD by Rs3.12 just a day earlier, on September 23. According to Aaj News, the Petroleum Division again cited “developments in the global market, including changes in Platts rates, premiums and incidentals” for the latest adjustment.
Pakistan has been reviewing pump prices on a daily basis since mid-July, according to Ary News, after switching away from the older fortnightly mechanism specifically to keep local rates in step with sharp swings in international crude caused by the ongoing tensions between the United States and Iran. Under this system, OGRA and the Petroleum Division base each day’s price on a rolling average of international oil costs, freight, and exchange-rate movements over the preceding days — which is why pump prices can keep easing even on a day when benchmark crude ticks up. Aaj News reported Brent crude at $101.09 a barrel and West Texas Intermediate at $91.21 a barrel around the time of the announcement, with Dawn separately noting that Brent’s November contract had slipped to two-week lows earlier in the week as fears of a wider Gulf supply disruption cooled — a trend the daily-average formula is now catching up to at the pump.
Both fuels remain well below their 2026 highs. Diesel had touched Rs520.35 per litre and petrol Rs458.41 per litre on April 3, before easing over the following months as the geopolitical picture stabilised somewhat. Petrol still carries close to Rs114 per litre in taxes and levies, and diesel roughly Rs100 per litre, under the government’s existing tax structure — so the bulk of any future relief at the pump will keep depending on how the Middle East situation, and the resulting Platts rates, move from here.
