Petrol price shock: Government raises petrol price, cuts diesel rate from October 6

The federal government has increased the price of petrol while reducing the price of high-speed diesel for the new pricing period,

ISLAMABAD:  The federal government has increased the price of petrol while reducing the price of high-speed diesel for the new pricing period, according to a notification issued on Monday.

Under the revised petroleum prices, the price of petrol has been increased by Rs0.88 per litre, while the price of diesel has been reduced by Rs1.88 per litre.

Following the adjustment, the new price of petrol has been fixed at Rs393.64 per litre. The price of diesel, meanwhile, has been reduced to Rs397.76 per litre.

The revised prices have been set for October 6 and will come into effect from midnight on Monday night.

The latest adjustment will directly affect consumers, particularly motorists, transport operators and businesses that rely heavily on petroleum products for daily operations. Changes in fuel prices can also influence transportation costs and the prices of goods and services across different sectors.

Petrol is widely used by private vehicles, motorcycles and other forms of road transport, while diesel remains particularly important for commercial vehicles, buses, trucks, agricultural machinery and several industrial activities.

The government’s decision has resulted in a mixed adjustment, with petrol becoming slightly more expensive while diesel has recorded a reduction. The difference in the revised prices is expected to have varying effects on consumers depending on the type of fuel they use.

According to the notification, the new rates will remain applicable for the specified pricing period, subject to any further revision by the government under the prevailing petroleum pricing mechanism.

Fuel prices in Pakistan are generally reviewed periodically in line with changes in international oil prices, exchange-rate movements, taxation and other relevant factors. The government considers these factors before announcing revised petroleum prices.

The latest increase in petrol prices comes at a time when fuel costs remain an important concern for households and businesses. Any rise in petrol prices can increase the monthly expenses of vehicle owners, particularly those who rely on private transport for commuting.

On the other hand, the reduction in diesel prices could provide some relief to commercial transport operators and other sectors that depend heavily on diesel. Lower diesel costs can potentially help reduce operating expenses for freight and passenger transport.

The revised prices will be applicable from midnight, meaning consumers will begin purchasing petrol and diesel at the new rates after the implementation time.

With petrol now priced at Rs393.64 per litre and diesel at Rs397.76 per litre, both major petroleum products remain close to the Rs400-per-litre mark.

The government’s latest notification has therefore introduced a marginal increase in petrol prices alongside a comparatively larger reduction in diesel prices. Consumers and businesses will now monitor future developments in international oil markets and government pricing decisions for any further changes in domestic fuel rates.