Pakistan has cut the prices of petrol and high-speed diesel for the second time in three days, with the new rates taking effect on Wednesday, 4 November 2026. Petrol fell by Rs5.45 per litre to Rs369.06, while high-speed diesel fell by Rs3.68 per litre to Rs391.52, according to a notification issued by the Oil and Gas Regulatory Authority (OGRA).
The latest cut follows a reduction announced on 3 November, when petrol fell by Rs3.40 to Rs374.51 per litre and diesel by Rs7.76 to Rs395.20 per litre. Taken together, the two cuts lowered petrol by Rs8.85 per litre and diesel by Rs11.44 per litre within three days.
FAKTA
- New petrol price from 4 November 2026: Rs369.06 per litre, down Rs5.45.
- New high-speed diesel price: Rs391.52 per litre, down Rs3.68.
- Previous adjustment on 3 November: petrol Rs374.51 and diesel Rs395.20 per litre.
- Prices set under the federal government’s petroleum pricing mechanism, notified by OGRA.
- Petroleum levy of Rs80 per litre remains unchanged, according to the reports.
Pakistan petrol prices: the new rates in full
According to the OGRA notification, the revised ex-depot prices apply under the federal government’s pricing mechanism. The change also comes after Pakistan introduced a revised petroleum pricing formula effective from 2 November, and a move to a daily fuel pricing framework under which OGRA calculates and publishes ex-depot prices.
| Fuel | Price before 4 Nov (Rs/litre) | Change (Rs/litre) | New price (Rs/litre) |
|---|---|---|---|
| Petrol | 374.51 | -5.45 | 369.06 |
| High-speed diesel | 395.20 | -3.68 | 391.52 |
Why prices fell, and the refinery arrangement
Petroleum Minister Ali Pervaiz Malik said international oil prices had declined and signalled further relief could follow, according to the reports. He also said a planned Rs15-per-litre increase in petrol prices had been absorbed by local refineries after strong profits from higher throughput over the past three months.
Under the government’s new pricing formula, the refinery arrangement runs for 30 days, with refineries absorbing around Rs15 billion a month so that petrol stays about Rs15 a litre cheaper than international rates would otherwise imply. The arrangement is temporary, so the current relief should not be read as a permanent price freeze.
What the cut means for motorists
The cuts bring direct relief to motorists, transporters and businesses, the reports noted. At the same time, the published per-litre rates are notified prices: they do not automatically change bus fares or grocery prices, which depend on wider costs and market conditions.
Conclusion
For households and businesses across Pakistan, the 4 November adjustment is the second round of fuel relief in three days. Whether further cuts follow will depend on international oil prices and on how long the temporary refinery arrangement remains in place.
Read more on Watan News: Pakistan petrol prices November 2026.
