Petrol price cut but diesel rate remains unchanged in Pakistan
The new prices will apply from October 17 to 19, according to a notification issued by the Petroleum Division. The latest adjustment comes as global oil prices remain uncertain because of renewed tensions in the Middle East.
Petrol Gets Relief as Diesel Price Stays the Same
The petrol price has been reduced by Rs3.93 per litre, offering some relief to consumers. However, high-speed diesel will continue to sell at Rs396.96 per litre, with no change in its rate.
The difference in prices means petrol users will pay slightly less, while diesel consumers will continue to face the same fuel cost. Diesel prices are important for transport, agriculture and goods delivery, so any future change could affect the cost of everyday items.
OGRA Starts Publishing Daily Petroleum Prices
The Oil and Gas Regulatory Authority (OGRA) has started publishing daily petroleum prices on its website to improve transparency. The move is intended to help international oil price changes reach consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily prices are calculated using a seven-day average of international market rates. He added that this approach follows international practice.
Middle East Tensions Affect Fuel Price Decisions
The government has shifted to a daily fuel price review system because of uncertainty in global oil markets. Renewed hostilities in the Middle East have raised concerns about possible disruptions to international energy supplies.
The government had introduced weekly fuel price reviews after the conflict began on February 28, when Israel and the United States attacked Iran. Tehran responded by closing the Strait of Hormuz, a major shipping route that previously carried around one-fifth of the world’s energy supplies.
Strait of Hormuz Remains a Major Concern
Tensions have increased since a fragile truce between Tehran and Washington collapsed in June. The situation has raised fears of a wider conflict and further disruption to energy shipments through the Strait of Hormuz.
Before the government adopted weekly reviews, petroleum prices were revised every two weeks. The new daily review system gives authorities more flexibility to respond to changing international prices.
The petrol price cut offers limited relief to motorists, but fuel costs remain high. Daily price reviews may help the government respond faster to global changes, although continued Middle East tensions could lead to further uncertainty for consumers.
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