# Petrol price cut Rs 3.63 to Rs 390.23 from today, diesel up 31 paisa to Rs 396.96

Source: Searchable (https://searchable.pk/news/economy/petrol-price-cut-rs-363-to-rs-39023-from-today-diesel-up-31-paisa-to-rs-39696)
Type: News article
Author: Searchable Editorial
Published: 16 Oct 2026
Updated: 16 Oct 2026
Retrieved: 16 Oct 2026

> The new rates took effect on Friday 16 October. A 40-litre petrol tank now costs Rs 15,609, about Rs 145 less than yesterday, while diesel users pay slightly more.

The **petrol price in Pakistan today** is **Rs 390.23 a litre**, down **Rs 3.63** from Rs 393.86, after the government notified new fuel prices effective **Friday 16 October 2026**. High-speed diesel (HSD) went the other way, rising **31 paisa to Rs 396.96 a litre** from Rs 396.65, [Dawn reported](https://www.dawn.com/news/2037395/govt-reduces-petrol-price-by-rs363-per-litre-raises-high-speed-diesel-rate-by-re031) on Thursday night, citing the Petroleum Division's notification. [ARY News](https://arynews.tv/ogra-cuts-petrol-price-increases-diesel-rate-from-october-16) carried the same figures and attributed the notice to OGRA.

## New fuel prices from 16 October 2026

| Fuel | Old price (Rs/litre) | New price (Rs/litre) | Change |
|---|---|---|---|
| Petrol | 393.86 | 390.23 | -3.63 |
| High-speed diesel | 396.65 | 396.96 | +0.31 |

The old prices are worked out from the announced change; neither report gave a figure for kerosene or light diesel oil.

## What it means for you

Using the notified retail price of Rs 390.23:

- **Motorcycle, 10 litres:** Rs 3,902, about Rs 36 less than yesterday.
- **Small car, 35 litres:** Rs 13,658, about Rs 127 less.
- **40-litre tank:** Rs 15,609, about Rs 145 less.

For diesel, a 40-litre fill now costs **Rs 15,878**, Rs 12 more than on Thursday. Transporters and farmers on tractors feel diesel first, so the small rise does little for goods fares, and the gap between diesel and petrol is now Rs 6.73 a litre.

Work out your own monthly fuel bill from your daily distance and your car's average with the [fuel cost calculator](/tools/cars/fuel-cost-calculator), or check your car's real mileage with the [fuel average calculator](/tools/cars/fuel-average-calculator).

## Why prices keep moving

Prices have been set daily since 17 July, when the cabinet handed the job to the Oil and Gas Regulatory Authority to follow international prices, Dawn noted. They climbed after the US-Iran war began on 28 February and peaked on 3 April at **Rs 458.41 for petrol** and **Rs 520.35 for diesel**, so petrol is now about Rs 68 a litre cheaper than that high. The government still collects about **Rs 114 a litre in taxes and duties on petrol** and **Rs 100 on diesel**, according to Dawn.

Oil markets remain jumpy. Brent crude was trading around **$105.5 a barrel** on Friday morning, down 0.4%, as traders weighed reports that Washington may ease sanctions on some tankers, [Business Recorder reported](https://www.brecorder.com/news/40444512/most-asian-stocks-rise-as-calm-returns-after-coreweave-shock-indonesia-faces-market-downgrade). Ships in the Strait of Hormuz are still being hit, and with prices now set daily, another move in either direction can come within days.

## Track the price every day

Our [petrol price page](/data/petrol-price) and [diesel price page](/data/diesel-price) record PSO's ex-depot Karachi price each day with its history, so you can see how far prices have come down since April. Pump prices in your city can differ slightly from the notified rate because of freight margins.

## Frequently asked questions

**What is the petrol price in Pakistan today?**

Rs 390.23 a litre from 16 October 2026, down Rs 3.63 from Rs 393.86, according to the notification reported by Dawn and ARY News.

**What is the diesel price in Pakistan from 16 October 2026?**

High-speed diesel is Rs 396.96 a litre, up 31 paisa from Rs 396.65.

## Sources

- Govt reduces petrol price by Rs3.63 per litre, raises high-speed diesel rate by Re0.31 (15 Oct 2026) (Dawn): https://www.dawn.com/news/2037395/govt-reduces-petrol-price-by-rs363-per-litre-raises-high-speed-diesel-rate-by-re031
- OGRA cuts petrol price, increases diesel rate from October 16 (15 Oct 2026) (ARY News): https://arynews.tv/ogra-cuts-petrol-price-increases-diesel-rate-from-october-16
- Most Asian stocks rise as calm returns after CoreWeave shock (16 Oct 2026) (Business Recorder): https://www.brecorder.com/news/40444512/most-asian-stocks-rise-as-calm-returns-after-coreweave-shock-indonesia-faces-market-downgrade

How to cite: "Petrol price cut Rs 3.63 to Rs 390.23 from today, diesel up 31 paisa to Rs 396.96", Searchable, 16 Oct 2026, https://searchable.pk/news/economy/petrol-price-cut-rs-363-to-rs-39023-from-today-diesel-up-31-paisa-to-rs-39696