Pakistan has announced another cut in fuel prices, with petrol falling by Rs3 a litre and high-speed diesel by Rs7 a litre. The new rates will apply for 12 November 2026, according to a notification issued by the Oil and Gas Regulatory Authority (OGRA).

Under the revised prices, petrol will sell at Rs335 a litre, down from Rs338, while high-speed diesel will cost Rs364 a litre, down from Rs371. The Pakistan Observer, reporting the same OGRA notification, said the new prices would apply only for 12 November.

Second cut in two days

The latest reduction follows a cut that took effect on 11 November, when petrol fell by Rs8 a litre to Rs338 and diesel by Rs7 to Rs371. Before that revision, petrol had been priced at Rs346 a litre and diesel at Rs378.

Bloom Pakistan reported that the latest reduction follows a series of consecutive cuts in fuel prices during November, and linked the decline to a correction in international oil markets. It reported that Brent crude prices had dropped by around 21 percent between 30 October and 10 November.

What it means for motorists and transport

Diesel is widely used in trucks, buses, tractors and other heavy machinery, so the diesel cut is particularly important for the transport, logistics and agriculture sectors. Lower fuel costs could help ease transport and operating expenses, although how much relief reaches passengers and consumers will depend on whether transport operators and businesses pass on the savings.

Under the daily pricing mechanism, the rates announced for one day can be revised again the next day. Motorists should therefore check the latest notified price before filling up, as the 12 November rates are the prices set in the notification reported on 11 November.