Summary: The federal government has announced a further reduction in the prices of petroleum products. Petrol has been reduced by Rs 7.6 per litre, and high-speed diesel by Rs 3.71 per litre. After the reduction, the new price of petrol has been fixed at Rs 362, while the price of diesel has been fixed at Rs 387.81 per litre. The new prices will be applicable from November 5, 2026.
Islamabad: The federal government has announced a reduction in the prices of petroleum products and has further reduced the prices of petrol and high-speed diesel, an official notification of which has also been issued.
According to the notification, the price of petrol has been reduced by Rs 7.6 per litre, after which its new price has been fixed at Rs 362 per litre.
Similarly, high-speed diesel has also been reduced by Rs 3.71 per litre. After this reduction, the new price of diesel has been fixed at Rs 387.81 per litre.
According to the notification issued by the government, the new prices of petroleum products will be applicable from November 5, 2026.
This reduction in prices will provide direct relief to motorcycle and car owners using petrol, while the cheaper diesel may also affect transport and freight costs.
The reduction in diesel prices is also important for the agricultural sector, as high-speed diesel is used in the transportation of agricultural machinery and equipment. However, the impact of this reduction on the prices of common necessities will depend on the actual reduction in transport and other business costs.
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