# Brent near $105.8 as Saudi ships crude via Oman; petrol hits Rs 391.22 in Pakistan

Source: Searchable (https://searchable.pk/news/world/oil-eases-as-us-says-saudi-pipeline-restarts-in-days-petrol-outlook-pakistan)
Type: News article
Author: Searchable Editorial
Published: 16 Sept 2026
Updated: 17 Sept 2026
Retrieved: 1 Nov 2026

> Oil steadied after Wednesday's drop as Saudi Aramco offered ship-to-ship cargoes off Sohar to get around its damaged pipeline. Pakistan still raised petrol by Rs 6.88, the eighth daily increase in a row.

Brent crude was trading around $105.8 a barrel on Thursday morning, 17 September, Pakistan time, after a drop of about 3% on Wednesday. Supply fears eased as Saudi Arabia found a way around its damaged East-West pipeline. In Pakistan, petrol went up again to Rs 391.22 a litre and diesel to Rs 421.45.

## The numbers this morning

- Brent: $105.81, slightly lower (CNBC, around 7am PKT)
- WTI (US crude): $102.14, down 0.22% (CNBC)
- Reuters had both lower in early Asian trade: Brent at $104.59 (down $1.24) and WTI at $101.29 (down $1.14) at 0049 GMT
- US crude stocks fell by only 640,000 barrels last week, against the 1.62 million barrel draw analysts expected (EIA)
- Petrol in Pakistan: Rs 391.22 a litre, up Rs 6.88. Diesel: Rs 421.45, up Rs 5.62
- Dollar: Rs 277.51 interbank

Prices differ between reports because they were taken at different times in a fast-moving market.

## Saudi Arabia's workaround

Drones damaged the East-West pipeline, which can carry 7 million barrels a day from the Gulf to the Red Sea port of Yanbu, on 11 September. Loadings at Yanbu were halted and some cargoes to European and Asian buyers were delayed or cancelled.

Reuters reported that Saudi Aramco is now offering Arab Light, Arab Medium and Arab Heavy crude to Asian buyers through ship-to-ship transfers near Oman's Sohar port, outside the Strait of Hormuz, which Iran has blockaded since the war began in late February. Saudi Arabia has also roughly doubled loadings at its Gulf terminals, Ras Tanura and Juaymah.

US Energy Secretary Chris Wright told CNBC on Tuesday the outage was a "brief and temporary interruption" that would be "measured in days". Reports say Aramco aims to restore about half the pipeline's capacity within days and full flow within six weeks.

## Trump and the Iran war

President Donald Trump said on Saturday, 12 September, in Ireland that the war with Iran would end "very soon", probably right after the US midterm elections in November, and that oil would "come tumbling down" when it does. Markets are not pricing that in yet: Brent is still above $100, and analysts warn that any new attack on Gulf supply would push it higher again.

## What it means for petrol in Pakistan

Pakistan now sets fuel prices every day. The latest increase, announced on Wednesday, was the eighth in a row, and since daily pricing began petrol is up Rs 79.92 a litre and diesel Rs 91.94. Local prices also reflect refined product costs, the rupee and the petroleum levy, so they do not track Brent day by day.

A rough guide: at Rs 277.51 to the dollar, every $1 on a barrel is about Rs 1.75 a litre of crude (a barrel is 159 litres), before freight, refining, margins and taxes.

For a car doing 14 km a litre and 1,000 km a month, fuel now costs about Rs 27,944 a month. The latest Rs 6.88 rise adds about Rs 491. A full 40-litre tank costs Rs 15,649. Work out your own cost with our [fuel cost calculator](/tools/cars/fuel-cost-calculator).

## What to watch next

- Whether Aramco's partial pipeline restart happens this week. If Brent holds below $105, the daily price rises at home should slow.
- Any fresh strikes on Gulf or Red Sea oil infrastructure.
- The rupee: a weaker rupee raises fuel costs even when crude is flat.

Track the daily rates on our [petrol price](/data/petrol-price), [diesel price](/data/diesel-price) and [dollar rate](/data/usd-pkr) pages.

## Frequently asked questions

**What is the petrol price in Pakistan on 17 September 2026?**

Petrol is Rs 391.22 a litre and high-speed diesel Rs 421.45 a litre, after increases of Rs 6.88 and Rs 5.62.

**Why did petrol go up when oil prices fell?**

Pakistan's daily prices also reflect refined product costs, the rupee and the petroleum levy, so they lag or differ from day-to-day moves in Brent crude.

## Sources

- Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit (CNBC): https://www.cnbc.com/2026/09/17/oil-prices-today-wti-brent-hormuz-iran-war.html
- Oil prices extend losses as fears of Middle East supply disruptions ease (Business Recorder (Reuters)): https://www.brecorder.com/news/40439910/oil-prices-extend-losses-as-fears-of-middle-east-supply-disruptions-ease
- Saudi Arabia offers more crude from Oman after drone attacks damage pipeline (TRT World): https://www.trtworld.com/article/d1328b87b7a5
- Trump sees Iran war ending soon after midterm elections, predicts oil prices will then fall sharply (CNBC): https://www.cnbc.com/2026/09/12/trump-sees-iran-war-ending-very-soon-oil-prices-then-falling.html
- Petrol price jumps 8th day in a row (ProPakistani): https://propakistani.pk/2026/09/16/petrol-price-jumps-8th-day-in-a-row/

How to cite: "Brent near $105.8 as Saudi ships crude via Oman; petrol hits Rs 391.22 in Pakistan", Searchable, 17 Sept 2026, https://searchable.pk/news/world/oil-eases-as-us-says-saudi-pipeline-restarts-in-days-petrol-outlook-pakistan