Slug: petrol-drops-rs379-litre-diesel-up-october-22
Category: Business News
Focus keyphrase: petrol price in Pakistan
SEO title: Petrol Price in Pakistan Drops to Rs379.31 a Litre
Meta description: Petrol price in Pakistan fell Rs2.71 to Rs379.31 a litre in the latest daily revision, while diesel rose 31 paisas to Rs390.11, OGRA data shows.
Tags: petrol price Pakistan, diesel price, OGRA, fuel prices, daily fuel revision, petroleum levy
Original element: our own data point — Feature Pakistan’s running coverage of the daily fuel revision cycle (yesterday’s Rs382.02 rate, the October 16 and October 1 revisions) lets readers see the full price path, with internal links below.
Petrol Falls Rs2.71 to Rs379.31 a Litre as Diesel Climbs to Rs390.11
ISLAMABAD: The petrol price in Pakistan has fallen by Rs2.71 per litre for the next 24 hours, bringing it down to Rs379.31, according to the latest update from the Oil and Gas Regulatory Authority (OGRA).
Diesel, however, has become costlier. Its price rose by 31 paisas to Rs390.11 per litre in the same daily revision, ProPakistani reported, citing the regulator’s latest notification.
The new rates apply from Wednesday, October 22, under the government’s daily fuel pricing mechanism.
The latest revision
On Tuesday, petrol had been increased by 88 paisas to Rs382.02 per litre, while diesel had risen by 53 paisas to Rs389.80. Wednesday’s cut therefore reverses part of that increase for petrol, though diesel continues its upward drift.
Since the government began updating fuel rates daily, petrol has risen by Rs68.60 per litre and diesel by Rs66.81 per litre overall, the report noted. The daily cycle replaced the previous fortnightly revision system and has produced sharp short-term swings in both directions.
Feature Pakistan tracked yesterday’s revision, when petrol stood at Rs382.02. Earlier this month, petrol had touched Rs387.40 on September 30 before the daily cycle pulled it in both directions through October.
Petrol price in Pakistan: where the daily cycle stands
The daily pricing experiment has made fuel costs harder to predict for households and transporters. Prices now move every 24 hours, and a cut one day can be followed by a hike the next. For consumers, the practical effect is that the price at the pump on any given morning depends entirely on the previous night’s notification.
Petrol has now fallen below the Rs380 mark for the first time in over a week, after climbing as high as Rs398.96 in early October. Diesel, in contrast, has stayed stubbornly near Rs390, rising for two consecutive days.
The Jamaat-e-Islami has meanwhile announced a third wave of anti-petroleum-levy protests from Friday, demanding the complete abolition of the levy on fuel. The party says the levy keeps pump prices artificially high even when international oil prices soften.
What it means for households
Fuel prices feed directly into transport fares and the cost of moving goods, so daily revisions ripple quickly into household budgets. Transporters typically adjust fares within days of sustained price movements, and food prices often follow.
The government has defended the daily mechanism as a way to pass international price changes to consumers without delay. Critics argue it creates uncertainty for businesses that plan fuel purchases in advance.
The energy regulator has also been tightening enforcement elsewhere in the fuel market. OGRA recently flagged irregular lifting of imported LPG and warned of action against hoarding as winter demand builds.
The next revision will be announced on Thursday, and early signals from the international market will decide whether petrol holds below Rs380 or climbs back above it.
Frequently asked questions
What is the new petrol price in Pakistan?
Petrol now costs Rs379.31 per litre after a cut of Rs2.71, effective for 24 hours from October 22, 2026.
What is the new diesel price?
High-speed diesel rose by 31 paisas to Rs390.11 per litre in the same revision.
Why do fuel prices change every day?
The government moved from fortnightly to daily fuel price revisions, so OGRA now updates petrol and diesel rates every 24 hours in line with international market movements.
How much have fuel prices risen since daily revisions began?
Petrol is up Rs68.60 per litre and diesel up Rs66.81 per litre since the daily pricing cycle started, according to the latest available data.
