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Petrol Prices Drop by Rs 1.60 per Liter While Diesel Rises by Rs 1.64

October 22, 2026 • 50 minutes ago •

ISLAMABAD: The government has announced a reduction in petrol prices by Rs 1.60 per liter, effective immediately, while diesel prices have increased by Rs 1.64 per liter. This adjustment comes amid ongoing fluctuations in global oil prices and domestic economic pressures.

The Ministry of Finance confirmed the new rates, stating that the price of petrol will now be Rs 250.40 per liter, while diesel will be priced at Rs 276.40. Officials noted that the decision aims to balance the fiscal budget while addressing the needs of consumers facing rising living costs.

This price change is expected to have significant implications for the economy, particularly for transportation costs and inflation rates. Experts warn that while the reduction in petrol prices may provide temporary relief to consumers, the increase in diesel could lead to higher costs for goods and services, further straining household budgets.

Looking ahead, the government plans to monitor global oil market trends closely and may adjust fuel prices again in the coming weeks. Stakeholders are urged to prepare for potential volatility as the situation evolves.

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