Petrol Falls to Rs330 a Litre, Lowest Since August
Petrol falls to Rs330 a litre from Saturday, November 14, after the federal government announced another Rs2 cut on Friday, taking fuel to its lowest level since August. High-speed diesel stays unchanged at Rs360 a litre.
The Oil and Gas Regulatory Authority (OGRA) issued the new rates on Friday evening. They will remain in force for three days, until Monday, November 16, under the daily pricing mechanism that has been in place since November 2.
It is the ninth consecutive reduction in petrol prices. In about two weeks, petrol has fallen by Rs48 a litre, from Rs377.91 on October 30 to Rs330 now. Petrol was last this cheap on August 17, when it sold at Rs331 a litre.
Petrol falls to Rs330: nine cuts in a row
The latest cut continues a run of daily reductions that began at the start of the month, reversing the upward pressure seen in October, when petrol rose by Rs1.20 a litre in the October 14 revision. Petrol stood at Rs377.91 a litre on October 30, then fell to Rs374.51 on November 2, Rs362 on November 4 and Rs352.59 on November 6, before dropping to Rs346 on November 7, Rs338 on November 11, Rs335 on November 12 and Rs332 on November 13.
Diesel followed a similar path, though it has now held steady for two rounds. It was Rs402.96 a litre on October 30 and fell to Rs395.20 on November 2, Rs387.81 on November 4, Rs382.25 on November 6 and Rs378 on November 7, before dropping to Rs371 on November 11, Rs364 on November 12 and Rs360 on November 13, where it remains.
How the daily mechanism works
The cuts come under OGRA’s daily pricing mechanism, which took effect on November 2. Under the system, fuel prices are revised every morning on a seven-day rolling average of international benchmarks, so changes in world oil prices reach Pakistani pumps faster than the old fortnightly system allowed.
Global crude has fallen to its lowest level in more than two months. Brent crude dropped 8.7 per cent to $94.62 a barrel, and the regulator has passed the change on to consumers.
Levy split between drivers and refineries
A large part of the pump price is still tax. The government continues to collect the full petroleum levy of Rs80 a litre, but under a revised formula introduced about two weeks ago, the burden is now shared. Consumers now pay Rs63.64 a litre of the levy, down from Rs65.29 before the change, while refineries bear the remaining Rs16.36 a litre.
What it means for households
The relief matters most for the millions of Pakistanis who depend on motorcycles, cars and other petrol-powered vehicles for daily travel. A motorcycle owner who fills a 10-litre tank now pays Rs480 less than two weeks ago.
Transport costs feed into the price of almost everything else, from food to fares, so sustained fuel cuts can ease pressure on household budgets more widely. The government has linked the daily mechanism to its wider effort to bring down living costs, after capping September electricity bills for consumers, and the finance minister has pointed to a fiscal deficit at a 22-year low as a sign the economy is steadying. The relief comes in the same week the government reported a third straight first-quarter budget surplus.
Prices can move again
Under the daily mechanism, the rates can change again at the next announcement, depending on world oil prices and the rupee. For now, the trend is firmly down, and Rs330 is the cheapest petrol has been in almost three months.
| Date | Petrol (Rs/litre) | Diesel (Rs/litre) |
|---|---|---|
| Nov 14, 2026 | 330.00 | 360.00 |
| Nov 13, 2026 | 332.00 | 360.00 |
| Nov 12, 2026 | 335.00 | 364.00 |
| Nov 11, 2026 | 338.00 | 371.00 |
| Nov 7, 2026 | 346.00 | 378.00 |
| Nov 6, 2026 | 352.59 | 382.25 |
| Nov 3, 2026 | 369.06 | 391.52 |
| Nov 4, 2026 | 362.00 | 387.81 |
| Nov 2, 2026 | 374.51 | 395.20 |
| Oct 30, 2026 | 377.91 | 402.96 |
Frequently asked questions
What is the new petrol price in Pakistan?
Petrol costs Rs330 a litre from Saturday, November 14, after a Rs2 cut. Diesel stays at Rs360 a litre.
How much has petrol fallen in two weeks?
Petrol has fallen Rs48 a litre, from Rs377.91 on October 30 to Rs330 now, the ninth straight cut.
Why are fuel prices falling?
Brent crude is down 8.7 per cent to $94.62 a barrel. OGRA’s daily mechanism passes world price changes to local pumps faster than the old fortnightly system.
How much petroleum levy do consumers pay?
The levy totals Rs80 a litre: consumers pay Rs63.64 and refineries bear Rs16.36. Total taxes and duties are about Rs114 a litre on petrol and Rs100 on diesel.
When will fuel prices change again?
The rates stay in force until Monday, November 16. OGRA can revise them again at the next announcement, depending on world oil prices and the exchange rate.
