The federal government has reduced the price of petrol by Rs3 per litre to Rs332 and high-speed diesel by Rs4 per litre to Rs360, effective Friday, 13 November, in the eighth consecutive reduction in fuel prices. The revised rates were announced by the Oil and Gas Regulatory Authority (OGRA) on Thursday.
Following the latest revision, petrol will be sold at Rs332 per litre, down from Rs335, while the price of high-speed diesel has been fixed at Rs360 per litre, down from Rs364. The new prices will remain applicable for one day under the government's daily petroleum pricing mechanism, with OGRA now publishing daily petroleum prices on its website to improve transparency.
The latest cut follows another round of reductions a day earlier, when the government cut petrol by Rs3 per litre to Rs335 and diesel by Rs7 to Rs364. With the latest reductions, petrol has become cheaper by a cumulative Rs42.51 per litre since 2 November, falling from Rs374.51 to Rs332, while high-speed diesel has declined by Rs35.20 per litre, from Rs395.20 to Rs360, over the same period.
The government continues to levy heavy taxes on fuel despite the relief. It is collecting Rs114 per litre in taxes and duties on petrol and Rs100 per litre on high-speed diesel, reflecting the significant tax burden embedded in retail fuel prices. Under an arrangement announced on 2 November, oil refineries will contribute to the petroleum levy by bearing a cumulative impact of Rs15 billion over 30 days.
The government has announced successive reductions in fuel prices since 2 November, passing on the benefit of changing international oil market conditions to consumers. The Petroleum Division determines fuel prices under the government-approved pricing mechanism, taking into account international oil prices, Platts rates, premiums and other associated costs.
The switch to daily pricing came amid volatility in global oil rates on the back of renewed hostilities in the Middle East. The government decided to move to a daily fuel price review mechanism so that changes in international oil prices could be passed on to consumers more quickly, rather than waiting for the traditional fortnightly review.
The relief comes as welcome news for motorists, commuters, transporters and businesses, who have faced persistent inflationary pressures. Lower diesel prices in particular are expected to ease transport costs, which feed into the prices of food and other goods carried by road across the country.
The government had also introduced the Prime Minister's Fuel Relief Scheme on 17 September to provide targeted assistance amid rising fuel costs linked to the Middle East situation. Since 17 July, OGRA has been responsible for revising petroleum prices on a daily basis in line with international market movements.
Whether the downward trend continues will depend on international oil prices, which jumped $3 a barrel on Thursday after attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz. Any sustained rise in global crude could quickly reverse the relief Pakistani consumers have seen over the past eleven days.
For today, though, the new rates stand: petrol at Rs332 a litre and high-speed diesel at Rs360 a litre, the lowest fuel prices Pakistani motorists have seen in months.
Figures in this post were checked at 06:05 PKT on Friday 13 November 2026.
This post is market news information only, not financial advice.
