Top 5 This Week

spot_img

Related Posts

Petrol Rises to Rs379.25, Diesel to Rs395.82

Petrol diesel prices October 27 rise to Rs379.25 per litre for petrol and Rs395.82 per litre for high-speed diesel, after the federal government revised fuel rates for Tuesday. Petrol goes up by Rs1.54 per litre, while diesel rises by Rs2.16 per litre, according to a notification issued by the Petroleum Division.

The new rates apply for 24 hours, under the daily pricing system that replaced weekly reviews in July 2026. The Oil and Gas Regulatory Authority revised the ex-depot prices under the government’s pricing mechanism, which takes into account global market developments, including Platts rates, premiums and incidental costs.

Petrol diesel prices October 27: what changed

Petrol was priced at Rs377.71 per litre for October 24 to 26, after the government kept it unchanged in the previous revision. Diesel cost Rs393.66 per litre in that period, after a rise of Rs1.91 per litre. The latest revision lifts both fuels at once, after a run in which diesel had risen more steadily than petrol.

The recent path of prices shows how quickly the daily system moves. On October 21, petrol stood at Rs379.31 per litre and diesel at Rs390.11. By October 22, petrol had eased to Rs377.71 while diesel rose to Rs391.75. Petrol then stayed flat through October 26, while diesel climbed to Rs393.66 and now to Rs395.82.

Since daily pricing began, petrol has gone up by Rs68.54 per litre in total and diesel by Rs72.52 per litre, according to ProPakistani’s running tally of the daily revisions. That cumulative figure is a useful check against any single day’s move: a rise of Rs1.54 or Rs2.16 looks small on its own, but it sits inside a much larger upward drift since the summer.

Why the revision matters for households and freight

Petrol is the fuel most households feel first, through motorcycles, rickshaws and small cars. Diesel matters more for freight, public transport and farm work, so a diesel rise tends to feed into the cost of moving goods and produce. That is why a combined rise in both fuels hits household budgets from two directions at once: at the pump, and in the price of goods carried by road.

The timing also matters. The State Bank raised its policy rate to 12 per cent on October 26, and textile exporters have already warned that higher borrowing costs will squeeze export orders. The State Bank’s rate decision and the textile sector’s reaction both point to the same pressure: rising costs across the economy.

Global oil prices stayed near six-month highs on Monday, even after Brent crude fell more than $2 a barrel during the day. Persistent attacks on Saudi Arabia kept traders wary, while diplomatic efforts to ease the Middle East conflict resumed. Pakistan imports most of its petroleum, so shifts in world prices and in shipping through the Strait of Hormuz and the Red Sea reach local pumps quickly.

The relief scheme for small vehicles

A petrol relief scheme announced on September 13 offers some protection for small vehicle owners. Under the scheme, motorcycle and Qingqi rickshaw owners can receive a discount of Rs100 per litre on up to 20 litres of petrol per month, while owners of cars with engines up to 800cc can receive the discount on up to 30 litres per month.

That works out at a maximum monthly benefit of Rs2,000 for two- and three-wheeler users, and Rs3,000 for small-car owners. Around 11.8 million people are covered, according to the plan: about 10 million two-wheeler users, 800,000 three-wheeler users and one million small-car owners. The scheme does not cover diesel, so freight and farm users face the full diesel rise.

The relief scheme sits alongside other cost pressures this winter. LPG shortages in the twin cities have already pushed some families towards wood and coal, and Jamaat-e-Islami has threatened a march on Islamabad over the petroleum levy.

What happens next

The next revision will be notified for Wednesday, under the same daily system. If world prices ease, the local revision could follow within a day, because the system no longer waits a week between changes. If attacks on Saudi targets continue, or if Hormuz shipping stays disrupted, the pressure will stay upward.

What are the new petrol and diesel prices?

How much did each fuel rise?

How long do the new prices last?

Who gets the Rs100 per litre petrol discount?

Feature Pakistan News Desk
Feature Pakistan News Desk is the editorial team of Feature Pakistan, an independent digital news platform based in Pakistan. The desk reports national, world, business, sports, technology, health and education news, and every story is cross-checked against multiple sources before it is published. To reach the newsroom — including for corrections — email featurepakistanofficial@gmail.com or use the Contact page at featurepakistan.com/contact-us/.

opinion