Petrol rises Rs1.54, diesel Rs2.16 under latest daily review

The federal government increased petrol and high-speed diesel prices under its latest fuel-rate adjustment, with the revised ex-depot prices taking effect on Tuesday, October 27. Petrol rose by Rs1.54 per litre, while high-speed diesel increased by Rs2.16 per litre.

Petrol will now retail at Rs379.25 per litre, up from Rs377.71. High-speed diesel has been set at Rs395.82 per litre, compared with its previous price of Rs393.66.

The changes represent increases of approximately 0.41 per cent for petrol and 0.55 per cent for diesel, calculated from their respective previous prices. Although the per-litre adjustments are comparatively small, they apply directly to fuel purchased by motorists and transport operators.

The Petroleum Division’s notification states that the government continues to collect Rs114 per litre in taxes and duties on petrol and Rs100 per litre on high-speed diesel. These amounts form part of the final prices paid by consumers.

Pakistan has shifted to a daily petroleum-pricing arrangement after using weekly reviews earlier in the year. Petroleum Minister Ali Pervaiz Malik said the Oil and Gas Regulatory Authority had been assigned responsibility for daily price decisions based on movements in international markets.

Despite the latest increase, both products remain below the peaks recorded on April 3. Petrol had reached Rs458.41 per litre, while high-speed diesel had climbed to Rs520.35 per litre during an earlier period of intense volatility in international energy markets.

Petrol is widely used in motorcycles, rickshaws, cars and other private transport, while diesel is central to freight movement, buses, power generation and large machinery. Changes in diesel prices can therefore affect transport operating costs beyond purchases made directly at filling stations.

The latest revision follows public concerns about fuel availability amid continuing Middle East tensions. The Pakistan Petroleum Dealers Association advised consumers against panic buying, while Minister of State for Finance and Revenue Bilal Azhar Kayani told the Senate that the country was not facing a fuel-supply problem.