ISLAMABAD — The federal government has officially notified revised ex-depot prices of petroleum products effective October 28, reducing the price of petrol by Rs 3.19 per litre while increasing high-speed diesel (HSD) by Rs 2.25 per litre for the next fortnight, according to an official notification released by the Ministry of Energy (Petroleum Division).
Updated Fuel Prices Breakdown and Price Mechanism
Following the fortnightly price assessment approved by the Prime Minister in consultation with the Oil and Gas Regulatory Authority (OGRA), the new consumer fuel rates stand as follows:
- Petrol (Motor Spirit): Reduced by Rs 3.19 per litre, dropping from Rs 379.25 to Rs 376.06 per litre.
- High-Speed Diesel (HSD): Increased by Rs 2.25 per litre, rising from Rs 395.82 to Rs 398.07 per litre.
The Petroleum Division stated that the price determination strictly reflects international oil market pricing trends assessed by OGRA over the preceding two-week calculation cycle, alongside currency adjustments and import parity benchmarks derived from Platts global assessments.
Global Market Dynamics and Energy Supply Factors
The marginal relief on petrol comes as international benchmark crude oil prices experienced moderate fluctuations amid shifting demand forecasts and diplomatic consultations across key energy-exporting hubs. Conversely, diesel rates registered an upward adjustment due to stronger regional demand for middle distillates, higher freight premiums, and winter heating inventory accumulation in northern trading zones.
High-speed diesel remains the primary fuel for mass transit, heavy freight logistics, agriculture tube wells, and commercial transport across Pakistan. Market analysts observe that the modest Rs 2.25 increase will maintain firm operational overheads for transport fleets, while the Rs 3.19 reduction in motor gasoline provides minor financial breathing room for daily commuters, motorcycle users, and private automobile owners.
Petroleum Levy Structure and Fiscal Context
The revised notification maintains the existing petroleum development levy (PDL) framework, in accordance with the federal budget and international structural commitments. Under the ongoing fiscal stabilization program agreed with the International Monetary Fund (IMF), the government continues to pass international energy market shifts transparently to the domestic consumer base while safeguarding revenue mobilization targets.
Gasoline and diesel pump stations nationwide have updated their digital metering units to reflect the new tariffs. For continuous financial, market, and energy coverage, follow our latest national news updates on Pak Pulse 247.