Oil Prices in Pakistan Rise as China Cuts Fuel Export

Rates effective 2 October 2026. Prices are revised periodically confirm the current notification before relying on these figures.

The petrol price in Pakistan is now Rs. 390.66 per litre, up Rs. 3.26. High-speed diesel has moved the other way, down Rs. 1.01 to Rs. 399.34 per litre.

Per litre, effective 2 October 2026.

The Unusual Part of This Revision

The two fuels moved in opposite directions this time — petrol up, diesel down. That is worth noticing, because it tells you something about how pricing works here.

Petrol and diesel are separate products with separate international markets. Each is priced from its own import cost, so a single "oil price went up" headline does not explain both. The gap between them is now just Rs. 8.68, with diesel the more expensive of the two.

Diesel Price in Pakistan Today

At Rs. 399.34, high-speed diesel matters well beyond the people buying it. HSD moves goods and runs farm machinery, so its rate feeds into transport costs and, eventually, the price of ordinary things. A diesel cut is the quieter half of this announcement, but not the less important one.

What Determines Oil Prices in Pakistan

Pakistan imports most of its petroleum, so local rates are assembled from several moving parts rather than set freely:

International product prices. Not crude alone — refined petrol and diesel have their own benchmarks, which is why the two can diverge in a single revision.

Platts rates, premiums and incidentals. The latest revision was linked to changes in exactly these. The premium is what Pakistan pays above the benchmark to secure supply, and it moves independently of the headline crude price.

The exchange rate. Imports are paid in dollars. A weaker rupee raises the cost even when international prices are flat.

Government levies and the pricing mechanism. Taxes and levies form a substantial part of the pump price, and the structure is set by the OGRA petroleum pricing information framework.

Why Crude Price News Does Not Translate Directly

You will see global crude headlines — Brent up, Brent down — and assume the pump follows. It often does not, or not by the same amount.

The chain runs: international product prices → import cost including premiums and freight → exchange rate → levies and the pricing formula → pump price. A fall at one end can be offset at any point along it. That is why a drop in global oil market prices sometimes produces no local relief at all — and why nobody can reliably predict the next revision, including anyone who tells you otherwise.

Where to Check Official Rates

Always go to the source. The Pakistan Petroleum Division publishes the official notifications, and its latest petroleum price notifications page carries them with dates. Rates circulating on social media ahead of an announcement are speculation, and they are frequently wrong.

What It Costs You to Drive

At Rs. 390.66 a litre, a 40-litre fill costs about Rs. 15,626. A car returning 12 km per litre costs roughly Rs. 32.55 per kilometre in fuel alone.

Those numbers are why fuel economy has become a buying criterion rather than a footnote, and why interest in alternatives keeps growing — see our coverage of EVs in Pakistan as petrol costs rise, our guide to buying an EV in Pakistan and the current state of EV charging stations in Pakistan.

The Effect on the Car Market

Fuel costs shape what people buy: smaller engines, hybrids and EVs gain whenever petrol climbs. Our report on Pakistan car sales in 2026 shows how the mix is shifting, while the Pakistan Auto Policy 2026-31 will influence which of those options become cheaper to own.

Final Thoughts

Frequently Asked Questions