The federal government has cut petroleum prices for the third day in a row, reducing petrol by Rs7.06 per litre and high-speed diesel by Rs3.71 per litre from 5 November 2026. The latest reduction brings petrol down to Rs362 per litre and diesel to Rs387.81 per litre, continuing one of the sharpest multi-day drops in pump prices Pakistan has seen this year.
The revised ex-depot prices were announced by the Oil and Gas Regulatory Authority (OGRA) in a notification issued on Wednesday under the petroleum pricing mechanism approved by the federal government. The new rates take effect from Thursday, 5 November, and will be reviewed again for the following day under the daily pricing framework that came into force earlier this week.
New petrol and diesel prices: before vs after
According to OGRA’s notification, the price of petrol (Motor Spirit) has been reduced from Rs369.06 to Rs362.00 per litre — a cut of Rs7.06. High-speed diesel (HSD) is down from Rs391.52 to Rs387.81 per litre, a reduction of Rs3.71.
| Product | Old price (per litre) | New price (per litre) | Change |
|---|---|---|---|
| Petrol (MS) | Rs369.06 | Rs362.00 | −Rs7.06 |
| High-Speed Diesel | Rs391.52 | Rs387.81 | −Rs3.71 |
The 5 November revision is the largest single-day petrol cut of the three-day sequence, and it follows the 4 November revision in which petrol fell Rs5.45 and diesel Rs3.68 per litre. Taken together, motorists are now paying Rs12.51 less per litre of petrol than they were on Monday — and Rs7.39 less per litre of diesel.
Three cuts in three days: how Pakistan moved to daily fuel pricing
The back-to-back reductions are the direct result of a new daily fuel pricing framework that took effect on 2 November 2026. Under the new mechanism, OGRA calculates and publishes ex-depot petroleum prices every day instead of the earlier fortnightly cycle, so pump prices now track international market movements much more closely.
The shift was set in motion by the federal cabinet on 30 October, when it approved a revised pricing formula for imported petrol. Instead of working from an average benchmark, the price is now calculated using the actual import cost of the relevant Pakistan State Oil (PSO) cargo. The government has also put in place a temporary 30-day arrangement for local refineries to smooth the transition to the new system.
For consumers, the practical effect is simple: prices can now fall — or rise — every 24 hours. The past three days have all been falls, delivering cumulative relief at the pump worth more than Rs12 per litre of petrol.
What the cut means for motorists and transporters
For a car with a 40-litre tank, a full fill of petrol now costs about Rs500 less than it did at the start of the week. For transporters running on diesel, the Rs7.39-per-litre cumulative drop over three days translates into meaningful savings on every long-haul trip — a reduction that usually feeds through to freight and logistics costs over time.
One part of the price has not changed: the petroleum levy of Rs80 per litre remains in place, untouched by the latest revision. The relief at the pump therefore comes entirely from the pricing mechanism itself — lower calculated import costs passing through to the ex-depot price — rather than from any tax adjustment.
Economists note that sustained fuel price relief can help cool transport-driven inflation, which touches everything from food prices to bus fares. But they also caution that daily pricing cuts both ways: just as prices fell three days running, they can move in the opposite direction just as quickly.
What happens next: daily reviews under the new framework
Under the daily framework, the new rates apply from 5 November and will be recalculated for 6 November. OGRA will continue issuing its notification each day, and each revision will set prices for the following 24 hours.
Whether the downward run continues depends on the same inputs that drive the daily calculation — global crude oil prices, the rupee’s exchange rate and the actual cost of PSO’s import cargoes. For now, motorists and transporters can plan on cheaper fuel for Thursday, with the next announcement deciding what Friday looks like.
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