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Govt increases diesel by Rs1.91, keeps petrol unchanged till Oct 26

Daily pricing kept petrol unchanged while diesel rose as Pakistan adjusted pump rates for international oil market pressures, officials said.

  • On Wednesday, October 28, 2026, The Pakistan government reduced petrol by Rs3.19 per litre to Rs376.06 while increasing high-speed diesel by Rs2.25 per litre to Rs398.07 under its daily pricing mechanism.
  • The government implemented a daily pricing mechanism on July 17 to manage volatility as Middle East conflicts and disruptions in the Strait of Hormuz continue driving international crude prices higher, directly affecting Pakistan's import costs.
  • Prime Minister Shehbaz Sharif launched a relief scheme in September offering Rs100 per litre discounts for motorcycles, rickshaws, and small cars, protecting an estimated 11.8 million lower-income beneficiaries from escalating fuel costs.
  • Under conservation directives, the administration mandated commercial markets close by 9:00 PM and slashed official vehicle fuel allocations by 50 per cent for three months, according to Cabinet Division notifications.
  • Persistent Houthi attacks in Saudi Arabia and OPEC+ production decisions continue posing supply risks, with analysts warning that regional instability keeps crude prices elevated and vulnerable to further disruption.
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Business Recorder broke the news on Friday, October 23, 2026.
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