Petrol cut by Rs9.41 and diesel by Rs5.56 a litre for 6 November in fourth straight daily reduction
OGRA has fixed petrol at Rs352.59 and high-speed diesel at Rs382.25 a litre from Friday, extending a run of daily cuts that has taken petrol down more than Rs25 a litre in under a week as global oil prices slide.
The federal government has cut the price of petrol by Rs9.41 per litre and high-speed diesel (HSD) by Rs5.56 per litre, extending a run of daily fuel price reductions that has now brought petrol down by more than Rs25 a litre in less than a week.
The Oil and Gas Regulatory Authority (OGRA) announced the revised ex-depot prices in a notification issued on Thursday, 5 November. Petrol will now cost Rs352.59 per litre, down from Rs362, while high-speed diesel will be sold at Rs382.25 per litre, down from Rs387.81. The new rates take effect on Friday, 6 November, and are fixed for one day under the government's daily pricing mechanism.
It is the fourth consecutive daily cut in fuel prices. Only a day earlier, on Wednesday, the government had lowered petrol by Rs7.06 per litre to Rs362 and diesel by Rs3.71 to Rs387.81. Taken together with the cuts announced earlier in the week, petrol has fallen from Rs377.91 per litre to Rs352.59 over the latest series of revisions — a drop of Rs25.32 in a matter of days.
The reductions follow a sharp fall in international oil prices. Crude dropped to its lowest level in more than two months on Wednesday, after the United States midterm elections raised hopes of an end to the conflict with Iran, easing the geopolitical premium that had kept oil markets on edge. Under the daily pricing system, changes in international petroleum prices are gradually passed on to consumers in Pakistan, with OGRA publishing daily prices and Platts data to make the process more transparent.
The government has been revising petroleum prices daily in response to developments in the Middle East, while keeping rates unchanged on Saturdays and Sundays. The mechanism is designed to track the international market far more closely than the old fortnightly system, which meant consumers waited up to two weeks for global price falls — or rises — to reach the pump.
Part of the relief is being funded by the industry itself. Under an arrangement announced on Monday, oil refineries are contributing to the petroleum levy by absorbing a cumulative impact of Rs15 billion over 30 days, a step the government says has helped keep the reductions flowing to consumers rather than being swallowed by taxes. Even so, taxes and duties remain heavy: the government continues to impose Rs114 per litre on petrol and Rs100 per litre on diesel.
For motorists, the cut brings the most direct relief at the pump, where a full tank of petrol for a typical car now costs several hundred rupees less than it did at the start of the week. For transporters and goods carriers, who run overwhelmingly on diesel, the Rs5.56 reduction trims operating costs on every trip — savings that, if passed on, could ease pressure on the prices of food and other goods carried by road across the country.
The timing matters for household budgets more broadly. Fuel prices feed into the cost of almost everything that moves by road, and a sustained fall in diesel in particular tends to soften transport-driven inflation with a lag of a few weeks. With the government also trying to bring down inflation after a long period of high prices, the daily cuts give it a visible, immediate way to show relief reaching consumers.
There are, however, limits to how far the relief can go. Because prices are now revised every day, the same mechanism that passes on global falls will pass on any rebound just as quickly. If the Iran situation deteriorates again, or if crude recovers on fresh supply concerns, Pakistani pump prices could rise by similar daily steps. The refineries' Rs15 billion levy absorption, meanwhile, is a time-limited arrangement rather than a permanent change to the tax structure.
What happens next will therefore depend on two things: whether international oil prices stay low, and whether the daily pricing mechanism keeps working as intended. For now, consumers filling up on Friday will pay the lowest petrol price in weeks — Rs352.59 a litre — with diesel at Rs382.25, and the government will announce the next day's rates again on Friday evening.
Figures checked at 01:20 PKT on 6 November 2026. This post is market news information only, not financial advice.
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