{"id":2765,"date":"2026-10-15T23:03:44","date_gmt":"2026-10-15T18:03:44","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2765"},"modified":"2026-10-15T23:03:44","modified_gmt":"2026-10-15T18:03:44","slug":"govt-cuts-petrol-raises-diesel-prices-for-october-16","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2765","title":{"rendered":"Govt cuts petrol, raises diesel prices for October 16"},"content":{"rendered":"<div>\n<p><strong>The government on Thursday reduced the price of petrol by Rs3.63 to Rs390.23 per litre, while increasing the price of high-speed diesel (HSD) by 31 paisa to Rs396.96 per litre, effective Friday, October 16, 2026.<\/strong><\/p>\n<p>According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government\u2019s petroleum pricing mechanism.<\/p>\n<p>The Petroleum Division said the revision took into account global developments, including movements in Platts rates, premiums and incidentals.<\/p>\n<p>On Wednesday, the government had increased the price of petrol by Rs1.20 to Rs393.86 per litre, while reducing the price of diesel by 17 paise to Rs396.65 per litre.<\/p>\n<figure class=\"media  w-full sm:w-full  media--center    media--uneven  media--stretch\" data-original-src=\"https:\/\/ipp-news.com\/wp-content\/uploads\/2026\/10\/15225837dae8b54.webp\">\n<div class=\"media__item  \"><picture><img decoding=\"async\" src=\"https:\/\/ipp-news.com\/wp-content\/uploads\/2026\/10\/15225837dae8b54.webp\" alt=\"\"><\/picture><\/div>\n<\/figure>\n<h3><a id=\"oil-prices-fall-in-international-market\" href=\"https:\/\/english.aaj.tv\/news\/330476662\/govt-cuts-petrol-raises-diesel-prices-for-october-16#oil-prices-fall-in-international-market\" class=\"heading-permalink\" aria-hidden=\"true\" tabindex=\"-1\" title=\"Permalink\"><\/a>Oil prices fall in international market<\/h3>\n<p>Meanwhile, Brent crude prices fell by more than 1% on Thursday as potential US steps to ease restrictions on Russia\u2019s \u201cshadow fleet\u201d of tankers eased concerns over supply.<\/p>\n<p>However, attacks on ships in the Middle East and Ukrainian strikes on Russian energy infrastructure limited the decline.<\/p>\n<p>Brent crude futures fell by $1.15, or 1.1%, to $104.91 a barrel by 1157 GMT.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures, meanwhile, rose by 31 cents, or 0.3%, to $95.40 a barrel amid expectations of a substantial drawdown in weekly US crude inventories.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government on Thursday reduced the price of petrol by Rs3.63 to Rs390.23 per litre, while increasing the price of high-speed diesel (HSD) by 31 paisa to Rs396.96 per litre, effective Friday, October 16, 2026. According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government\u2019s petroleum pricing mechanism. The Petroleum Division said the revision took into account global developments, including movements in Platts rates, premiums and incidentals. On Wednesday, the government had&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2765","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2765"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2765\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}