Petrol Price in Pakistan Today: Petrol Cut by Rs8 to Rs338 Per Litre, Diesel Down to Rs371
Motorists got a small break on Wednesday.
The government cut petrol by Rs8 per litre and high-speed diesel by Rs7, the second reduction in under a week. OGRA’s notification puts petrol at Rs338 per litre, down from Rs346, and diesel at Rs371, down from Rs378. The new rates took effect on November 11.
Small numbers, but they add up. Filling a motorcycle tank of roughly ten litres now costs about Rs400 less than it did at the end of October.
Eleven days, nearly Rs40 down
Rewind to October 31 and petrol stood at Rs377.91 per litre. Wednesday’s Rs338 means a fall of Rs39.91 — 10.6 percent — in eleven days. Diesel has dropped Rs31.96 in the same stretch, from Rs402.96 to Rs371, a decline of about 7.9 percent.
The cuts have come in quick succession. On November 7, petrol went down Rs6.59 and diesel Rs4.25. That pace is built into the system now: since July 17, prices have been revised daily instead of fortnightly, a change the government made after the US-Israel-Iran conflict sent international oil markets swinging.
Why fuel is getting cheaper
The biggest reason sits thousands of miles away. Crude prices have been retreating as the prospect of a wider US-Iran confrontation fades, and Brent, the global benchmark, is hovering near $90 a barrel — a long way below the panic levels of the fighting.
There is a domestic piece too. Under an arrangement announced on November 2, oil refineries are absorbing part of the petroleum levy for 30 days, a hit of roughly Rs15 billion, which has freed up room to pass some relief to the pump. What has not changed is the tax take. Dawn reports the government still collects around Rs114 per litre on petrol and Rs100 on diesel, so a large slice of every litre remains duty, whatever crude does.
The catch with daily pricing
Cheaper diesel matters well beyond the pump. It is the fuel of trucks and buses, and when it falls, the cost of moving food and goods across the country falls with it — the kind of change that shows up in kitchen budgets a few weeks later.
But daily pricing cuts both ways. The same mechanism that has delivered three quick reductions can deliver quick increases the moment global markets turn. Wednesday’s Rs338 is Wednesday’s price. OGRA will run the numbers again tomorrow.
Sources: OGRA notification reported by Dawn, Express Tribune, Pakistan Today and Arab News Pakistan, November 10–11, 2026.
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