Petrol Price in Pakistan Falls to Rs352.59 as Government Cuts Fuel Prices Again

Petrol has become cheaper in Pakistan for the fourth time in five days. The federal government has cut the price of petrol by Rs9.41 per litre and high-speed diesel by Rs5.56 per litre, bringing fresh relief to motorists, transporters and households across the country.

The new prices take effect from Friday, 6 November 2026. Petrol will now cost Rs352.59 per litre, down from Rs362, while high-speed diesel will sell for Rs382.25 per litre, down from Rs387.81. The Oil and Gas Regulatory Authority (OGRA) announced the revised rates in a notification issued on Thursday.

For millions of Pakistanis who have watched fuel prices climb for years, this is a welcome change of direction. Petrol is now nearly Rs22 cheaper per litre than it was at the start of the week — and the government says the new system of daily price reviews means changes will keep coming quickly when global oil prices move.

The New Fuel Prices at a Glance

Here is what you will pay at the pump from 6 November 2026:

Fuel	Old price (per litre)	New price (per litre)	Change
Petrol	Rs362.00	Rs352.59	Down Rs9.41
High-speed diesel	Rs387.81	Rs382.25	Down Rs5.56

These are ex-depot prices — the price at which fuel leaves the depot. The price you actually pay at a filling station can vary slightly by city and by company, because transport costs and dealer margins differ from place to place.

Four Cuts in Five Days

This is not a one-off cut. Fuel prices have now fallen four times in five days, under the government’s new daily pricing system. The sequence of cuts tells the story:

• Monday, 2 November: Petrol was cut by Rs3.40 per litre to Rs374.51, and diesel by Rs7.76 to Rs395.20.
• Wednesday, 4 November: Petrol fell by Rs5.45 to Rs369.06, and diesel by Rs3.68 to Rs391.52.
• Thursday, 5 November: Petrol dropped by Rs7.06 to Rs362.00, and diesel by Rs3.71 to Rs387.81.
• Friday, 6 November: Petrol fell by Rs9.41 to Rs352.59, and diesel by Rs5.56 to Rs382.25.

Add those cuts together and the fall is striking. In less than a week, petrol has come down by Rs21.92 per litre — from Rs374.51 to Rs352.59. Diesel has fallen by Rs12.95 per litre over the same period, from Rs395.20 to Rs382.25.

That is the sharpest run of fuel price cuts Pakistan has seen in recent years, and it has come at a time when household budgets are already stretched by high food and electricity costs.

Why Are Fuel Prices Falling?

Fuel prices in Pakistan are closely linked to what happens in the international oil market. When the price of crude oil falls in the world market, the government can pass some of that saving on to people at the pump. When crude rises, pump prices usually follow.

In the past few days, global oil prices have fallen sharply. Brent crude, the benchmark that sets the price of most of the world’s oil, dropped by almost 9 per cent after the United States midterm elections. Investors hoped the election result would speed up efforts to ease tensions between the United States and Iran, which would reduce the risk of disruption to oil supplies from the Middle East.

There are also signs of easing in the region. Qatar has stepped up its mediation efforts, and the US president has said the United States currently has no plans for military action against Iran. Although an Iranian official has admitted the two sides “still remain far apart”, the mood in the oil market has clearly shifted, and prices have come down as a result.

Pakistan imports almost all of its oil, so a fall in the world price feeds through to local prices. The rupee’s exchange rate against the dollar also matters, because oil is bought in dollars. When the rupee is stable and oil is cheaper, the benefit reaches the pump more quickly.

The New Daily Pricing System

There is another reason the cuts are coming so fast. The government has moved to a daily fuel price review mechanism, replacing the old system in which prices were revised every two weeks.

Under the new system, OGRA publishes daily fuel prices based on international petroleum prices and Platts data — the daily market data used by the global oil trade. The revised rates are fixed for one day, and they are expected to remain unchanged over holidays, Saturdays and Sundays.

That means two things for consumers. First, when world oil prices fall, the relief reaches the pump within a day instead of waiting for the next fortnightly review. Second, when world prices rise, increases will also arrive faster. The system works in both directions, and the past five days show how quickly it can move when the market is falling.

For years, Pakistanis waited a fortnight between price announcements. Now the price at the pump can change every working day.

What the Cut Means for Your Pocket

A cut of Rs9.41 per litre may not sound like much on its own. But it adds up quickly for anyone who drives every day.

Take a small car with a 40-litre fuel tank. Filling it from empty now costs Rs376.40 less than it did yesterday. For a motorbike rider who buys 10 litres at a time, each fill-up is about Rs94 cheaper. And for a family that uses around 100 litres of petrol a month, the saving works out to roughly Rs941 a month at the new price — money that can go towards groceries, school fees or other bills.

Diesel matters even more for the wider economy, because it powers the trucks, buses and tractors that keep the country moving. A truck with a 100-litre tank now saves Rs556 on every fill. Transporters spend less on fuel, and that can help slow the rise in the cost of moving goods from farms and factories to markets and shops.

Will Food Prices Come Down Too?

That is the question many families are asking. Diesel is the fuel of transport, so cheaper diesel should, in theory, mean cheaper transport — and cheaper transport should mean cheaper food.

In practice, the link is not always immediate. Shopkeepers and transporters often pass on fuel price rises quickly but are slower to pass on the savings when prices fall. Still, a sustained fall in fuel prices does ease the pressure. If the cuts continue, transport costs will come down, and that gives traders less reason to raise prices — and more room to hold them steady.

The broader picture also matters. Fuel prices feed into the cost of almost everything: the wheat carried by truck to the flour mill, the vegetables taken to the market, the goods delivered to shops. When fuel gets cheaper, the cost of living gets a little easier to bear. Pakistan’s inflation rate has been coming down from its peak, and cheaper fuel helps that trend continue.

What Has Not Changed

One important part of the price has stayed the same. The petroleum levy — a tax the government charges on every litre of fuel — remains at Rs80 per litre. It is separate from the price adjustment, which means the full benefit of the global crude oil fall does not reach the pump.

The levy is a major source of revenue for the government, and it has stayed at Rs80 per litre through the recent cuts. So while the pump price has fallen sharply, part of what you pay is still tax, not fuel.

What to Watch Next

The new daily system means the next price announcement could come as early as tomorrow, and the direction will depend on what happens in the world oil market.

Three things will decide whether prices keep falling:

Global oil prices. If Brent crude keeps falling, or even stays at its current level, more cuts are possible. But oil markets are volatile. Any new tension in the Middle East, or a change in the outlook for the US–Iran talks, could push prices back up — and the daily system would pass that increase on quickly too.

The rupee. Oil is bought in dollars, so a weaker rupee makes imported fuel more expensive even when the world price is flat. A stable rupee helps keep the benefit of cheaper crude.

The government’s revenue needs. The petroleum levy is a major earner for the government. If the government decides it needs more revenue, it could raise the levy — and that would push pump prices up even if world oil prices stay low.

For now, though, the direction is clear. Four cuts in five days, petrol below Rs353 a litre, and a new system that passes world price falls to consumers within a day. For a country that has grown used to fuel prices going in only one direction, this week has been a rare piece of good news at the pump.

Frequently Asked Questions

What is the new petrol price in Pakistan?

Petrol now costs Rs352.59 per litre, effective from 6 November 2026. It was cut by Rs9.41 per litre from Rs362.00.

What is the new diesel price in Pakistan?

High-speed diesel now costs Rs382.25 per litre, effective from 6 November 2026. It was cut by Rs5.56 per litre from Rs387.81.

How much has petrol fallen in the past week?

Petrol has fallen by Rs21.92 per litre since Monday, 2 November, when it cost Rs374.51. Diesel has fallen by Rs12.95 per litre over the same period, from Rs395.20 to Rs382.25.

Why are fuel prices falling now?

Global crude oil prices have fallen sharply, with Brent crude dropping by almost 9 per cent after the US midterm elections on hopes of easing tensions between the United States and Iran. Pakistan has also moved to a daily fuel price review system, so falls in world prices now reach the pump within a day.

How often will fuel prices change now?

Under the new daily pricing mechanism, OGRA reviews and publishes fuel prices every working day, based on international prices and Platts data. Prices are fixed for one day and are expected to stay unchanged over holidays and weekends.

Has the petroleum levy changed?

No. The petroleum levy remains at Rs80 per litre. It is a tax charged on every litre and is separate from the price cut, so the full benefit of cheaper crude oil does not reach the pump.

Will fuel prices keep falling?

That depends on world oil prices and the rupee’s value against the dollar. If crude keeps falling and the rupee stays stable, further cuts are possible. But oil markets are volatile, and the daily system also means any rise in world prices would reach the pump quickly.

Conclusion

The cut to Rs352.59 per litre is the fourth fuel price reduction in five days, and the biggest single cut of the week. Petrol has fallen by almost Rs22 a litre since Monday, and diesel by nearly Rs13. For drivers, the saving is real and immediate. For the wider economy, cheaper diesel should ease transport costs and help keep a lid on the prices of goods.

The new daily pricing system is doing what it was designed to do — passing world price changes to consumers quickly. The risk is that it will do the same when prices rise. For now, though, Pakistanis can enjoy a rare run of good news at the filling station.

Sources

• Islamabad Post, “Govt cuts petrol price by Rs9.41 per litre, diesel by Rs5.56”, 5 November 2026: https://islamabadpost.com.pk/govt-cuts-petrol-price-by-rs9-41-per-litre-diesel-by-rs5-56/
• Business Recorder, “Govt drops petrol price by Rs9.41, diesel by Rs5.56 per litre”, 5 November 2026 (via EIN Presswire): https://oilandgas.einnews.com/news/gasoline-prices
• PakWheels, “Petrol Falls By Rs 9.41, Diesel By Rs 5.56”, 5 November 2026: https://www.pakwheels.com/blog/petrol-falls-by-rs-9-41-diesel-by-rs-5-56/
• Pakistan Today, “Petrol reduced by Rs 9.41 and diesel by Rs 5.56”, 5 November 2026: https://pakistanstoday.com.pk/business/petrol-reduced-by-rs-9-41-and-diesel-by-rs-5-56/
• UrduPro, “Petrol Price in Pakistan November 4, 2026: Petrol Rs369.06, Diesel Rs391.52 — OGRA Notifies New Rates”, 3 November 2026: https://urdupro.info/petrol-diesel-price-november-4-2026/
• Reflecto News, “Pakistan Cuts Petrol and Diesel Prices From November 4”, 4 November 2026: https://reflectonews.com/pakistan-cuts-petrol-and-diesel-prices-from-november-4-what-motorists-will-pay-now/

This article is for general information and education only. It is not legal or financial advice.