Petrol Price in Pakistan Falls to Rs338 a Litre as OGRA Cuts Fuel Prices Again

November 11, 2026 Faizan Altaf

Petrol is cheaper in Pakistan again. The federal government has cut the price of petrol by Rs8 a litre and high-speed diesel by Rs7 a litre, taking petrol down to Rs338 a litre and diesel to Rs371 a litre from Wednesday, 11 November 2026.

The new prices were announced by the Oil and Gas Regulatory Authority (OGRA) on Tuesday night, 10 November. They took effect on Wednesday, 11 November, and will apply for that day under the government’s daily fuel pricing system.

It is the second cut in less than a week, and the latest step in a month of falling fuel prices that has brought real relief to drivers, transporters and businesses across the country.

What are the new petrol and diesel prices?

Here is what changed at the pump:

Petrol: down Rs8 a litre, from Rs346 to Rs338 a litre
High-speed diesel (HSD): down Rs7 a litre, from Rs378 to Rs371 a litre

The revised prices were set under the petroleum products pricing mechanism approved by the federal government, according to OGRA. The authority said the new ex-depot prices would remain in force for 11 November.

The cut follows the previous revision on 7 November, when petrol was reduced by Rs6.59 a litre and diesel by Rs4.25 a litre. Added together, the two latest revisions have brought petrol down by Rs14.59 a litre and diesel by Rs11.25 a litre in the space of a few days.

Over a longer stretch, the fall has been even bigger. Petrol has become Rs60.30 a litre cheaper over the past 30 days, while diesel has dropped by Rs25.24 a litre in the same period.

Why are fuel prices falling?

Fuel prices in Pakistan are now revised almost every day, based on what is happening in the international oil market. That is a big change from how things used to work.

On 17 July, the government announced a new pricing mechanism under which petroleum product prices would be reviewed and notified daily, replacing the previous weekly system. The cabinet and the prime minister decided to give OGRA the responsibility of setting fuel prices each day, based on international market trends.

The daily system was introduced after renewed hostilities between Iran and the United States pushed oil prices up sharply earlier this year, and the government wanted pump prices to track the world market more closely instead of moving in big weekly jumps.

The latest cut comes as global oil prices have eased. Brent crude, the international benchmark, has fallen below $95 a barrel in recent days, and that softer world market is now feeding through to Pakistani pumps.

How the government is paying for the relief

Even with the cuts, the government is still collecting heavy taxes on every litre of fuel sold. According to Dawn, the government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

So how is the government managing to cut prices while keeping those taxes in place? Part of the answer lies in a deal with the country’s oil refineries.

Under an arrangement announced on 2 November, oil refineries will contribute to the petroleum levy for 30 days, bearing a cumulative impact of Rs15 billion. According to the government, that arrangement allows a reduction of Rs14.71 in the petrol price at the consumer end.

In other words, the refineries are absorbing part of the cost so that drivers pay less at the pump, even though the official tax on each litre has not changed.

A month of relief after a painful spring

To understand why this cut matters so much, it helps to look back at where fuel prices were just a few months ago.

Petrol and diesel prices rose steeply earlier this year after the United States–Iran war broke out on 28 February. Petrol climbed from Rs266 a litre in the first week of March to a peak of Rs458.41 on 3 April. High-speed diesel rose from Rs281 a litre to a peak of Rs520.35 on the same day.

At those levels, filling a car tank cost thousands of rupees more than it does today, and transporters, farmers and small businesses were all squeezed.

The government responded with a series of relief measures. On 17 September, it rolled out the Prime Minister’s Fuel Relief Scheme across the country to ease the burden on the public. The subsidy scheme applies to owners of motorcycles, rickshaws and vehicles of up to 800cc — the small vehicles that most ordinary Pakistanis rely on every day.

The government has also reintroduced a raft of austerity measures in response to the earlier rise in fuel prices. Markets are required to close by 9pm, and fuel allocations for official vehicles have been cut by 50 percent for three months.

And the pressure for more relief has not gone away. The government and Jamaat-i-Islami held another round of negotiations on Tuesday to work out a way forward on relief in petroleum prices, Dawn reported.

What the cut means for ordinary Pakistanis

Petrol and diesel touch almost every part of daily life in Pakistan, but they do so in different ways.

Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers. Changes in its price affect the middle and lower-middle classes most directly, because those are the people who ride motorcycles and drive small cars to work, to school and to the market.

Diesel works differently. It is mainly used in the heavy transport sector, power plants and large generators. When diesel gets cheaper, it costs less to move goods around the country by truck, to run a factory generator during a power cut, or to pump water on a farm. That is why a diesel cut can eventually help to hold down the prices of food and other goods — but only if transporters and businesses pass the saving on to their customers.

That last point matters. As Daily Pakistan noted, lower pump prices will not automatically translate into reduced bus fares or grocery bills unless businesses pass the savings on to consumers.

The scale of fuel use in Pakistan shows just how much is at stake. Petrol and high-speed diesel are the major revenue earners among petroleum products, with monthly sales of about 700,000 to 800,000 tonnes. Kerosene, by comparison, sells only about 10,000 tonnes a month.

What happens next

Because prices are now set daily, today’s rates are only guaranteed for today. OGRA will issue a fresh notification for tomorrow, and the price could move up or down depending on the international market.

That daily rhythm is still new for most Pakistanis, who were used to prices changing once a fortnight or once a week. Under the old system, a price announcement would hold for days; now, drivers can wake up to a different price almost every morning. In practice, that means it is worth checking the latest OGRA notification before a long journey, and filling the tank on a day when the price has just fallen rather than waiting and hoping it falls further.

For now, the direction is good news. Two cuts in four days, a Rs60 fall in petrol over the past month, and a government arrangement with refineries that is designed to keep prices down for another few weeks all point the same way.

The question is whether the relief lasts. If world oil prices stay low, Pakistani drivers can expect more cuts. If the Middle East situation worsens again, prices could turn just as quickly. Either way, the daily pricing system means the answer will come one notification at a time.

Frequently asked questions

What is the new petrol price in Pakistan?

Petrol now costs Rs338 a litre, down Rs8 from Rs346. The new price took effect on Wednesday, 11 November 2026.

What is the new diesel price in Pakistan?

High-speed diesel now costs Rs371 a litre, down Rs7 from Rs378. The new price took effect on Wednesday, 11 November 2026.

Who decides fuel prices in Pakistan?

The Oil and Gas Regulatory Authority (OGRA) sets the prices each day under a pricing mechanism approved by the federal government. Since 17 July 2026, prices have been reviewed and notified on a near-daily basis, based on international market trends.

How much has petrol fallen in the past month?

Petrol has become Rs60.30 a litre cheaper over the past 30 days, while diesel has dropped by Rs25.24 a litre in the same period.

How much tax is charged on petrol and diesel?

The government levies Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

What is the Prime Minister’s Fuel Relief Scheme?

Launched on 17 September 2026, the scheme offers subsidised fuel to owners of motorcycles, rickshaws and vehicles of up to 800cc, to ease the burden of high fuel prices on ordinary people.

Sources

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

Findivoza