Petrol Price in Pakistan 23 October 2026 — Petrol Falls Rs1.60 to Rs377.71, Diesel Up Rs1.64

Petrol Price in Pakistan 23 October 2026 — Petrol Falls Rs1.60 to Rs377.71, Diesel Up Rs1.64

The federal government has revised petroleum prices again under the daily pricing mechanism. Petrol is now Rs 377.71 per litre after a reduction of Rs 1.60, while high-speed diesel (HSD) has risen to Rs 391.75 per litre after an increase of Rs 1.64. The new rates took effect on Friday, 23 October 2026, according to a press release issued by the Ministry of Energy’s Petroleum Division and reported by OGRA’s price publication.

This guide covers the latest official rates, how they compare with the previous revision, the taxes and levies you pay at the pump, and how the daily pricing system works. The figures below are as reported by multiple national outlets; the exact per-litre breakdown of taxes and levies in the 23 October notification has not been independently confirmed and is marked as such below rather than estimated.

For the official price publication, OGRA publishes daily petroleum rates through its own price portal at ogra.org.pk, and the Petroleum Division issues the formal notification.

At a Glance

What Are the New Petrol and Diesel Prices?

Under the revision effective 23 October 2026, petrol dropped by Rs 1.60 per litre to Rs 377.71 — the lowest petrol price in recent reports, and Rs 21.25 lower than the Rs 398.96 charged on 9 October. High-speed diesel rose by Rs 1.64 to Rs 391.75 per litre.

This is the second consecutive daily revision in which the two fuels moved in opposite directions. On 22 October, petrol was cut by Rs 2.71 while diesel rose by 31 paisas. The gap between diesel and petrol has now widened to Rs 14.04 per litre — the widest gap in recent reports, growing for three notifications in a row (Rs 7.78, then Rs 10.80, now Rs 14.04).

Price movement in October 2026

The daily table matters now more than ever: under the daily review mechanism, the price you see at the pump can legitimately change from one morning to the next. Always check the current day’s notified rate, not a rate you saw last week.

Why Did Petrol Fall While Diesel Rose?

According to the Petroleum Division’s press release, the adjustments were made in response to global developments, including changes in Platts benchmark rates, premiums and incidental charges. The statement did not go into further detail.

Petrol and diesel are priced on separate international benchmarks and import premiums, so they do not have to move together. In fact, this is the second straight day they have moved in opposite directions. Diesel has stayed relatively expensive through the month — it is only about Rs 5 lower than the Rs 396.72 range seen around 9 October — while petrol has fallen steadily.

How the daily pricing mechanism works

Pakistan previously revised fuel prices fortnightly. After the Middle East conflict that began in late February, the government moved to a weekly review, and in July it introduced a daily petroleum pricing mechanism to pass changes in international oil prices to consumers more quickly amid volatility in global markets.

Petroleum Minister Ali Pervaiz Malik has said the daily prices are based on a seven-day average of international market prices, in line with international practice. OGRA publishes the daily petroleum prices on its website to improve transparency.

Taxes and Levies on the 23 October Prices

Pakistani fuel prices include a petroleum levy, a climate support levy, and dealer and OMC margins on top of the ex-depot price. One outlet reported that the government continues to charge Rs 114 per litre in taxes and duties on petrol and Rs 100 per litre on diesel, but this breakdown was not confirmed by the Petroleum Division’s press release in the sources reviewed for this guide. Treat single-source levy figures with caution — do not rely on levy numbers quoted for earlier dates, as they change.

What Does the Change Mean for You?

For a motorist filling a 50-litre tank, the petrol cut is worth about Rs 80 in savings per fill (50 × Rs 1.60). For diesel users, the same 50 litres now costs about Rs 82 more (50 × Rs 1.64).

The reduction in petrol prices offers a small saving for car owners, motorcyclists and other petrol users. The higher diesel price, however, raises operating expenses for goods transporters, public transport operators, farmers and businesses that depend on diesel-powered machinery. Since diesel powers much of Pakistan’s freight transport and farm machinery, even small increases can ripple through the cost of food and goods — although whether businesses pass the additional cost on to consumers depends on transport rates and market conditions.

Who is affected most?

How to Check the Official Daily Rate

Because prices now change almost every day, the rate you remember from a few days ago may be wrong. Verify the current rate yourself:

Method 1 — OGRA price portal (online)

1. Open ogra.org.pk — the official website of the Oil and Gas Regulatory Authority.
2. Find the daily petroleum prices section — OGRA publishes daily petroleum prices on its website for transparency.
3. Match the effective date — confirm the published rate is for today’s date before comparing with what a pump charges.

Method 2 — Petroleum Division notification (online)

1. Check the Ministry of Energy’s Petroleum Division press releases — the formal revision notification is issued there, usually on the day before the new rates take effect.
2. Compare ex-depot prices with the pump price — pump prices include dealer and OMC margins on top of the notified ex-depot rate.

Method 3 — At the pump

1. Ask the attendant for today’s notified rate before refuelling and check that the pump display matches.
2. Report overcharging — if a pump charges more than the notified price, complain to OGRA with the pump’s name, location and date.

Common Mistakes to Avoid

• Assuming the price is unchanged. Under daily review, yesterday’s rate can be wrong today. Check the current notification.
• Mixing up petrol and diesel rates. The two fuels move separately and the gap between them is now Rs 14.04 per litre — quoting one for the other causes disputes at the pump.
• Trusting forwarded WhatsApp price lists. Old or edited price screenshots circulate widely. Verify against OGRA or the Petroleum Division.
• Confusing ex-depot and pump prices. The notified Rs 377.71 / Rs 391.75 are ex-depot figures; pump prices include margins. A small difference at the pump is normal — a large one is not.
• Paying attention to levy figures from old articles. Petroleum levy and other charges change over time; only the current notification’s breakdown (when published) counts.

FAQs

What is the new petrol price in Pakistan on 23 October 2026?

Petrol is Rs 377.71 per litre, down Rs 1.60 from Rs 379.31. The new rate took effect on 23 October 2026 under the daily pricing mechanism.

What is the new diesel price in Pakistan on 23 October 2026?

High-speed diesel is Rs 391.75 per litre, up Rs 1.64 from Rs 390.11. The revision was announced by the Petroleum Division and the ex-depot prices were revised by OGRA.

Why did petrol get cheaper but diesel more expensive on the same day?

Petrol and diesel are priced on separate international benchmarks and import premiums, so they do not have to move together. The Petroleum Division attributed the changes to global developments including Platts benchmark rates, premiums and incidental charges.

How often do fuel prices change in Pakistan now?

Prices are reviewed daily. After a fortnightly system and a brief weekly system, the government introduced a daily petroleum pricing mechanism in July 2026. Expect the notified rate to change most days.

What is the gap between petrol and diesel prices now?

Rs 14.04 per litre (Rs 391.75 diesel minus Rs 377.71 petrol). The gap has widened for three notifications in a row.

How much tax is included in the petrol price?

Pakistani fuel prices include a petroleum levy, a climate support levy and dealer/OMC margins. The exact per-litre breakdown in the 23 October notification was not confirmed in the sources reviewed; one outlet reported Rs 114 per litre in taxes and duties on petrol and Rs 100 on diesel, but that figure is not independently confirmed.

How can I check the official petrol price myself?

Check OGRA’s website (ogra.org.pk), which publishes daily petroleum prices, or the Petroleum Division’s press releases. Match the effective date to today before comparing with a pump’s price.

What should I do if a pump overcharges me?

Report the pump to OGRA with its name, location and the date. Pumps may not charge above the notified price plus the standard margins.

Final Thoughts

Petrol at Rs 377.71 per litre is the cheapest in recent weeks, while diesel at Rs 391.75 keeps the gap between the two fuels at a record Rs 14.04. The daily pricing system means these numbers are only certain for today — tomorrow’s notification can move them again.

Before you fill up, verify the current day’s notified rate on OGRA’s website or the Petroleum Division’s press release, and do not trust forwarded price lists on WhatsApp or social media. Rely on official channels only.

Related: Petrol Price in Pakistan 22 October 2026 — New Rates, Levies and What Changed

Waleed Malik

My name is Waleed Malik and I am a News Reporter. I share news, updates and registration processes with you. My promise: accurate and verified information, always.

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