Petrol, Diesel Prices Cut for November 3
Petrol and high-speed diesel will cost less on November 3, after the Oil and Gas Regulatory Authority (OGRA) revised prices under its daily pricing system. Petrol falls by Rs3.40 per litre to Rs374.51, while diesel falls by Rs7.76 per litre to Rs395.20.
The revised rates were announced on November 2 and apply for one day, November 3. They replace the rates set on October 31, under which petrol sold at Rs377.91 per litre and diesel at Rs402.96 per litre.
Petrol and diesel prices November 3: what changed
The cut follows a mixed revision on Friday, October 30. On that day, petrol held steady at Rs377.91 per litre, while diesel rose by Rs2.29 per litre to Rs402.96, up from Rs400.67.
November 3 reverses part of that diesel rise and brings petrol down from its Friday level. For motorists, the saving on a 40-litre fill is Rs136 for petrol and Rs310.40 for diesel, compared with the October 31 rates.
The new prices are ex-depot prices set under the pricing mechanism prescribed by the federal government. OGRA said the adjustments reflect global developments, including changes in Platts rates, premiums and incidentals.
How daily pricing works
Pakistan now revises fuel prices daily rather than once a fortnight. Petroleum Minister Ali Pervaiz Malik has said the cabinet and the prime minister decided to give OGRA the task of setting prices each day, based on international market trends.
Under the system described by the minister, daily prices rest on a seven-day average of international market prices. OGRA has also begun publishing daily petroleum prices on its website, so changes in international oil prices reach consumers more quickly.
Dawn reported that the price reductions come under a new arrangement in which oil refineries would bear a burden of about Rs15 billion each month, according to the government. That detail matters because it shows the cut is not only a response to world prices. It also reflects a domestic sharing of cost within the fuel supply chain.
The cut in longer context
The November 3 cut does not erase the rise seen since daily pricing began. Before the daily system, in the July 11 to 17 period, petrol stood at Rs310.71 per litre and diesel at Rs323.30 per litre.
Against those levels, petrol on November 3 is still Rs63.80 per litre higher, and diesel is still Rs71.90 per litre higher. The figures come from the published daily price table, which tracks each revision since the system started.
That longer view explains why a single-day cut, welcome as it is at the pump, does not by itself settle the fuel cost question for households and transporters. Diesel in particular feeds into freight, agriculture and public transport costs, so its price path over coming days will matter more than any one revision.
For November 3 itself, however, the position is clear. Petrol costs Rs374.51 per litre and diesel costs Rs395.20 per litre, and both rates hold for that day only under the daily system. Motorists who fill up on November 3 pay the lower rates. The next revision will set the price again for the day after.
Frequently asked questions
What are the new petrol and diesel prices?
Petrol costs Rs374.51 per litre and high-speed diesel costs Rs395.20 per litre on November 3, 2026.
How much did prices fall?
Petrol fell by Rs3.40 per litre from Rs377.91, and diesel fell by Rs7.76 per litre from Rs402.96.
When do the new prices apply?
The revised rates apply for November 3 only, under the daily pricing system. They were announced by OGRA on November 2.
Why did prices change?
OGRA revised ex-depot prices under the federal government’s pricing mechanism, reflecting global developments such as Platts rates, premiums and incidentals. Daily prices are based on a seven-day average of international market prices.
Are prices still higher than before daily pricing began?
Yes. Compared with the July 11 to 17 period, when petrol was Rs310.71 and diesel was Rs323.30, petrol remains Rs63.80 higher and diesel Rs71.90 higher on November 3.
