Petrol Diesel Prices Fall Again From November 12
Petrol diesel prices in Pakistan fall again from Thursday, November 12, as the government cut petrol by Rs3 a litre and high-speed diesel by Rs7 a litre in the latest daily revision. Petrol will sell at Rs335 a litre and diesel at Rs364 a litre.
The Oil and Gas Regulatory Authority (Ogra) issued the revised rates on Wednesday. The cut follows the November 11 revision, when petrol fell by Rs8 to Rs338 a litre and diesel by Rs7 to Rs371 a litre.
The latest cut is the seventh straight daily reduction in petrol prices since November 2. The daily revision system has now run for nearly four months, with rates moving almost every day in line with international prices.
New petrol diesel prices from November 12
| Fuel | Old price | New price | Change |
|---|---|---|---|
| Petrol | Rs338 | Rs335 | Down Rs3 |
| High-speed diesel | Rs371 | Rs364 | Down Rs7 |
The government still collects Rs114 a litre in taxes and duties on petrol and Rs100 a litre on diesel. Those levies have stayed unchanged through the recent cuts, so the relief comes from lower international prices and the refinery arrangement rather than a tax cut.
How the cuts add up
Petrol has fallen from Rs369.06 a litre on November 3 to Rs335 on November 12, a drop of Rs34.06 in nine days. Diesel has fallen from Rs391.52 to Rs364 over the same period, down Rs27.52.
The slide is part of a longer retreat from the record highs of April 3, when petrol peaked at Rs458.41 a litre and diesel at Rs520.35. Both fuels began climbing after the United States-Iran war broke out on February 28, when petrol stood at Rs266 a litre and diesel at Rs281.
An earlier cut announced on November 5 took petrol down by Rs9.41 to Rs352.59 a litre, effective November 6, one of the sharpest single-day falls in the current cycle.
What lies behind the relief
On November 2, the government announced an arrangement under which oil refineries bear a cumulative impact of Rs15 billion over 30 days. The government said the deal allows a reduction of Rs14.71 in the petrol price at the consumer end.
The Prime Minister’s Fuel Relief Scheme, rolled out on September 17, also remains in place. It subsidises fuel for owners of motorcycles, rickshaws and vehicles of up to 800cc, the groups hit hardest when prices rise.
The government and Jamaat-i-Islami held another round of talks on Wednesday to work out further relief in petroleum prices. The party has argued that the petroleum levy takes about Rs150 billion a month from consumers, and it wants the burden cut. The levy alone brought in Rs220 billion in two months, which shows how much the tax now matters to the treasury.
Alongside the price cuts, the government has reintroduced austerity measures in response to high fuel prices. Markets must close by 9pm, and fuel allocations for official vehicles have been cut by 50 per cent for three months.
Daily pricing since July
Since July 17, the government has revised fuel prices on a near-daily basis as international prices move. The petroleum minister said the cabinet and the prime minister decided to give Ogra the job of setting fuel prices each day on the basis of international trends.
Before that, the government announced weekly revisions from early March, alongside fuel conservation steps taken amid fears of supply disruption from the conflict in the Middle East. Targeted relief for low-income fuel users followed in April.
Prices have swung with the conflict. Attacks on shipping in the Strait of Hormuz pushed oil prices up earlier in the week, a reminder that the relief can reverse fast if the region heats up again.
Why the cut matters for households
Petrol is used mainly in private transport, small vehicles, rickshaws and two-wheelers, so changes in its price fall first on the middle and lower-middle classes. Diesel powers heavy transport, power plants and large generators, so its price feeds into the cost of goods and electricity.
Intercity bus operators cut fares by 5 per cent on some routes after the earlier fuel price drops, which shows how pump prices pass through to travel costs. If the current slide holds, commuters and goods transport should see more of that relief in the weeks ahead.
Frequently asked questions
What are the new petrol and diesel prices in Pakistan?
Petrol costs Rs335 a litre and high-speed diesel costs Rs364 a litre from November 12, 2026. Petrol fell by Rs3 a litre and diesel by Rs7 a litre in the latest daily revision.
How many times have fuel prices fallen in a row?
The November 12 cut is the seventh straight daily reduction in petrol prices since November 2. The government has revised fuel prices on a near-daily basis since July 17.
What taxes apply to petrol and diesel?
The government collects Rs114 a litre in taxes and duties on petrol and Rs100 a litre on diesel. Those levies have stayed unchanged through the recent cuts.
What is the refinery arrangement behind the cuts?
On November 2, the government announced that oil refineries would bear a cumulative impact of Rs15 billion over 30 days. The government said the deal allows a reduction of Rs14.71 in the petrol price at the consumer end.
Who benefits from the Prime Minister’s Fuel Relief Scheme?
The scheme, rolled out on September 17, subsidises fuel for owners of motorcycles, rickshaws and vehicles of up to 800cc.
