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Petrol Price Surges as Diesel Gets Cheaper Under Daily Revision
Petrol Price in Pakistan has been increased while the rate of high-speed diesel has been reduced as the government announced another revision under the country’s daily petroleum pricing mechanism.
According to the latest notification, petrol has become Rs1.82 per litre more expensive, whereas the price of diesel has been reduced by 91 paisas per litre. The revised rates will apply for October 8.
Petrol Price rises under daily mechanism
Following the latest adjustment, petrol will now be available at Rs396.65 per litre, compared with the previous rate of Rs394.83.
The increase comes as petroleum prices continue to fluctuate on a daily basis. The government introduced the daily pricing mechanism to allow domestic fuel rates to respond more quickly to movements in international petroleum markets.
The latest revision means petrol has moved closer to the Rs400-per-litre level, maintaining pressure on motorists and households that rely heavily on petrol for daily transportation.
Petrol is primarily consumed by motorcycles, cars, rickshaws and other light vehicles. Consequently, changes in petrol prices can have a direct impact on commuting expenses and the operating costs of small businesses and transport services.
Diesel Price reduced for October 8
In contrast to petrol, the Diesel Price has been reduced by 91 paisas per litre.
The new diesel rate has been fixed at Rs394.94 per litre, compared with the previous price of Rs395.85.
The reduction provides a marginal decrease in fuel costs for sectors that rely heavily on high-speed diesel, including freight transportation, agriculture, construction and industrial operations.
Trucks and buses are among the major consumers of diesel, meaning changes in its price can also influence transportation and logistics costs. Lower diesel prices can potentially reduce some operating expenses, although the effect on freight and consumer prices depends on broader market conditions.
OGRA revises ex-depot rates
The Petroleum Division said the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products for October 8.
The latest decision follows a series of daily adjustments introduced amid volatility in international oil markets. Earlier revisions have also resulted in alternating increases and decreases in petrol and diesel prices. For October 7, the government had raised petrol by Rs1.19 per litre while cutting high-speed diesel by Rs1.91, bringing their prices to Rs394.83 and Rs395.85 respectively.
The frequent revisions reflect the government’s effort to adjust domestic petroleum prices in response to international market movements, including changes in benchmark petroleum rates and related costs.
Fuel prices remain near Rs400 mark
With both major petroleum products now priced close to Rs400 per litre, fuel costs remain an important economic issue for households, businesses and transport operators.
Petrol price increases can directly raise commuting expenses, while diesel prices have wider implications for freight movement, agriculture and industrial activity.
Recent fuel-price changes have also contributed to inflationary pressure. Pakistan’s weekly inflation previously accelerated amid increases in petrol, diesel and LPG prices, highlighting the broader effect of energy costs on household budgets. Profit by Pakistan Today
The latest one-day revision will remain applicable for October 8, after which petroleum prices may again be reviewed under the daily pricing mechanism.See More on Pulse Paksitan
