Pakistan Cuts Petrol Prices to Rs330 Per Litre

The Government of Pakistan reduced the price of petrol by Rs2 per litre, bringing the cost to Rs330 per litre effective November 14, 2026. This adjustment follows a downward trend over the previous week, during which prices fell from Rs346 on November 7. The Oil and Gas Regulatory Authority announced that high-speed diesel prices will remain unchanged, though reports on the current rate vary between Rs360 and Rs364 per litre.

To combat price volatility driven by Middle East tensions and disruptions at the Strait of Hormuz, the federal cabinet approved a new pricing mechanism on October 30. The government has replaced bi-weekly revisions with a daily fuel price review system to more accurately reflect international market movements.

Under this new formula, petrol prices are calculated based on the actual import costs of Pakistan State Oil cargoes. The system includes a short-term adjustment mechanism specifically designed to mitigate the impact of sudden price fluctuations on consumers.