Petrol in Pakistan fell five times in a week. Between 31 October and 7 November 2026 the price came down by Rs 31.91 a litre, from Rs 377.91 to Rs 346, and high-speed diesel came down by Rs 24.96, from Rs 402.96 to Rs 378, according to OGRA figures.
The cause is outside Pakistan. Brent crude fell from about $115 a barrel to under $99 in a week as markets priced in a lower chance of a wider US-Iran conflict. Because OGRA prices off a short rolling average, that fall reached the pump within days.
This is where things stood as of 9 November 2026.
The short version
- Petrol: Rs 346 a litre (from 7 November), down Rs 31.91 since 31 October.
- High-speed diesel: Rs 378 a litre, down Rs 24.96.
- Why: Brent crude fell about 15% in a week, to around $98.50.
- How: OGRA's prices follow a seven-working-day rolling average of international prices, so falls pass through quickly, and so do rises.
- Levy: the petroleum levy on petrol is still about Rs 80 a litre, part of it temporarily absorbed by refineries.
Petrol and diesel price changes, 31 October to 10 November 2026
| Effective | Petrol (Rs/litre) | Change | Diesel (Rs/litre) | Change |
|---|---|---|---|---|
| 31 Oct | 377.91 | 402.96 | ||
| 3 Nov | 374.51 | -3.40 | 395.20 | -7.76 |
| 4 Nov | 369.06 | -5.45 | 391.52 | -3.68 |
| 5 Nov | 362.00 | -7.06 | 387.81 | -3.71 |
| 6 Nov | 352.59 | -9.41 | 382.25 | -5.56 |
| 7 to 10 Nov | 346.00 | -6.59 | 378.00 | -4.25 |
| Total | -31.91 | -24.96 |
Source: OGRA, as compiled by PakWheels.
Why did petrol get cheaper in Pakistan?
Oil fell sharply. Brent closed the week at about $98.50 a barrel, against an average of about $115.50 the week before. The move followed reports that Iran was open to diplomatic talks, and the result of the US midterm elections, both of which reduced the "war premium" traders had built into the price.
Pakistan imports almost all its fuel. A fall in the dollar price of crude and refined products feeds directly into the landed cost, and the rupee was steady at about Rs 277 to the dollar, so none of the gain was lost to currency.
The pricing formula reacts faster than it used to. OGRA's calculation uses a seven-working-day rolling average of international prices. As each expensive day drops out of the window and a cheaper one comes in, the pump price steps down. That is why there were five cuts in a week.
How much of the petrol price is tax?
On OGRA's working for petrol, the petroleum levy is Rs 80 a litre. Under a temporary arrangement, local refineries are absorbing part of it (a negative adjustment of Rs 14.71), so the levy collected directly is about Rs 65.29 a litre. That is still close to a fifth of the pump price, and it is the main reason petrol in Pakistan does not fall as far, in percentage terms, as crude does.
Will petrol prices keep falling?
Nobody can promise that, and anyone who does is guessing. Two things to watch:
- Brent. The cuts are a direct function of the oil price. If talks stall and crude goes back above $110, the same rolling-average formula will push prices up just as quickly.
- The levy. The refinery absorption is temporary. When it ends, the levy collected per litre goes back up, which would offset part of any future fall.
What does cheaper fuel mean for businesses in Pakistan?
For a business that runs vehicles, an 8.4% fall in petrol and a 6.2% fall in diesel in one week is real money. A delivery fleet burning 2,000 litres of diesel a month saves about Rs 50,000 a month at the new price.
What we would do with it:
- Do not lock it into prices yet. A week of falls can reverse in a week. Hold delivery charges and quotes until the price has been stable for a month.
- Separate fuel in your costing. If fuel is a line in your unit cost rather than buried in "transport", you can see the saving, and you can see it disappear.
- Renegotiate transport contracts with a fuel clause. Contracts that index the rate to the OGRA price protect both sides when it moves this fast.
- Expect pressure on fares and freight. Customers read the same headlines. Transporters and ride-hailing drivers will be asked to cut rates.
Earlier in the year the government also ran targeted fuel support for households and motorcyclists; we explained how it worked in our guide to the PM fuel relief scheme.
The same fall in oil helped the stock market: the KSE-100 had its strongest week in six months.
Frequently asked questions
What is the petrol price in Pakistan today?
As of 9 November 2026, Rs 346 a litre, effective from 7 November. Check OGRA's latest notification before relying on it, because prices are changing several times a week.
What is the diesel price in Pakistan?
High-speed diesel is Rs 378 a litre from 7 November 2026, down from Rs 402.96 on 31 October.
Who sets petrol prices in Pakistan?
OGRA (the Oil and Gas Regulatory Authority) calculates and notifies the prices, based on international prices, the exchange rate, freight, margins and the petroleum levy set by the government.
Why does petrol change price so often now?
Because the formula uses a seven-working-day rolling average of international prices. When oil moves fast, the pump price follows within days.
Sources
PakWheels weekly fuel price trend (OGRA figures and levy working); The Nation, 7 November 2026; Arab News Pakistan on the 6 November cut; Business Recorder for Brent. As of 9 November 2026.
