Govt raises diesel price, keeps petrol unchanged

The government on Friday increased the price of high-speed diesel (HSD) by Rs1.91 per litre while keeping petrol prices unchanged for the next three days.

According to a press release issued by the Petroleum Division on Friday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism.

Following the revision, the price of diesel has risen from Rs391.75 to Rs393.66 per litre, while petrol remains unchanged at Rs377.71 per litre.

The revised prices will remain in effect from October 24 to 26, 2026.

OGRA attributed the price adjustment to global developments, including changes in Platts rates, premiums and incidentals.

The government had increased the price of HSD by Rs1.64 per litre and reduced petrol by Rs1.60 per litre on Thursday.

Global oil prices climb

Meanwhile, global oil prices rose on Friday, with Brent crude reaching a more than five-month high after Houthi attacks in Saudi Arabia heightened concerns about further disruptions to energy supplies from the Middle East.

Brent crude futures gained $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT, after touching $115 earlier in the session, its highest level since May 4. US West Texas Intermediate (WTI) crude rose $1.48, or 1.5%, to $100.95 a barrel.

Brent was on track for a third consecutive weekly gain, with a rise of 4.2%, while WTI was set to end the week 0.5% lower.