Pakistan Raises Petrol Price by Rs1.85, Diesel by Rs1.75 Per Litre

Petrol diesel prices Pakistan have moved up again, with the government raising petrol by Rs 1.85 and high-speed diesel by Rs 1.75 per litre for Thursday 29 October 2026. The new rates come from a Petroleum Division notification issued on Wednesday 28 October.

Diesel, which powers trucks, buses and farm machinery, has now reached Rs 399.82 per litre. The increase comes under a new daily pricing system, under which fuel prices are reviewed every day rather than fortnightly.

Petrol diesel prices Pakistan: what changed on 29 October

Petrol diesel prices Pakistan for 29 October 2026 are set out below, with the previous day's rates for comparison. The figures are ex-depot prices revised by the Oil and Gas Regulatory Authority under the federal government's pricing mechanism.

The changes are attributed to global developments, including Platts rates, premiums and incidentals.

Only a day earlier, petrol had fallen Rs 3.19 to Rs 376.06 on 28 October, while diesel had risen Rs 2.25 to Rs 398.07. Monday's revision had raised petrol Rs 1.54 and diesel Rs 2.16.

Pak Observer reporting shows a restless October. Petrol stood at Rs 387.40 per litre on 1 October, climbed to Rs 398.96 on 9 October, then eased to Rs 390.23 on 16 October and Rs 381.14 on 20 October, when diesel was reported at Rs 389.27. These reported figures show the scale of the swings.

On 27 October petrol was Rs 379.25, so the 29 October rise recovers only part of the 28 October cut, while diesel has climbed steadily to Rs 399.82.

Why petrol diesel prices Pakistan change daily now

Petrol diesel prices Pakistan are now set under a cabinet-approved daily fuel-price review. OGRA publishes the updated prices daily on its website, a step meant to improve transparency for consumers.

The daily rate uses a rolling seven-day average of international prices, according to Petroleum Minister Ali Pervaiz Malik.

Prices were revised fortnightly for years, then weekly after the February Israel-Iran conflict and Strait of Hormuz shipping disruptions, before the shift to daily reviews amid continued Middle East volatility.

The global backdrop was a jump in oil prices on Wednesday. Prices rose about 2 percent on renewed fighting in Yemen and an attack on a refinery in Saudi Arabia, raising supply disruption concerns.

Brent futures rose $1.81, or 1.6 percent, to $115.69 per barrel, while US West Texas Intermediate crude rose $2.52, or 2.5 percent, to $102.42, according to Aaj and Business Recorder reporting.

For petrol diesel prices Pakistan, such moves do not translate litre for litre into pump prices, because taxes, premiums and incidentals also shape the final rate, but a sharp global rise makes a domestic increase more likely.

Taxes and what the hike could mean for households

Within petrol diesel prices Pakistan, taxes remain a large part of the pump price. According to Dawn, the government continues to levy Rs 114 per litre in taxes and duties on petrol and Rs 100 per litre on diesel.

That means more than a quarter of the petrol price is tax. Any debate about relief therefore turns largely on taxes, not only on global prices.

Higher diesel prices can increase transportation and freight costs, and that could add pressure on the prices of essential commodities. This is a potential effect, not a certainty, and no claim is made here that commodity prices have already risen because of this hike.

Petrol increases affect motorists more directly, as commuters, delivery riders and small businesses that run on petrol will pay more per trip from 29 October.

In political context, Dawn reports that Jamaat-e-Islami chief Hafiz Naeemur Rehman met Prime Minister Shehbaz Sharif on Tuesday over abolishing the petroleum levy.

A joint JI-government committee will consider expanding the fuel relief scheme offered since 17 September to motorcycle, rickshaw and up-to-800cc vehicle owners, and Rehman said his party would march to Islamabad in mid-November if no major relief is announced.

For now, the position is clear. Petrol diesel prices Pakistan stand at Rs 377.91 for petrol and Rs 399.82 for diesel from 29 October, after a week in which both fuels have moved in both directions.

Frequently Asked Questions

What are the new prices from 29 October?

Petrol costs Rs 377.91 per litre and high-speed diesel costs Rs 399.82 per litre from 29 October 2026. Petrol is up Rs 1.85 and diesel is up Rs 1.75 from the 28 October rates of Rs 376.06 and Rs 398.07.

Why do prices change daily now?

Petrol diesel prices Pakistan are set under a cabinet-approved daily review, based on a rolling seven-day average of international prices. The system replaced fortnightly and then weekly revisions, so global moves reach pumps faster.

Why did petrol fall one day and rise the next?

The daily system reacts to fresh global data each day. Petrol fell Rs 3.19 for 28 October, then rose Rs 1.85 for 29 October.

How much tax is charged on petrol and diesel?

According to Dawn, the government levies Rs 114 per litre in taxes and duties on petrol and Rs 100 per litre on diesel. Those taxes are a major part of the final pump price.

Will this hike raise food and transport prices?

It could add pressure, because higher diesel can raise transport and freight costs. No commodity price rise is claimed here, and the effect depends on how long fuel prices stay high.