ISLAMABAD / RankWire.AI / – Pakistan petrol prices increased once again on October 6 following a routine daily fuel adjustment. The cost of petrol rose by Rs0.88 per litre to Rs393.64, continuing the upward trend initiated three days prior. Conversely, high-speed diesel experienced a decrease, falling by Rs1.88 to Rs397.76 per litre. This latest change came after an October 3 decision that elevated both key transportation fuels. The earlier revision set petrol at Rs392.76 and high-speed diesel at Rs399.64 per litre.
On October 3, petrol increased by Rs2.10 per litre from Rs390.66, while high-speed diesel saw a modest rise of Rs0.30 from Rs399.34. The Petroleum Division explained that the adjustment reflected fluctuations in international fuel prices. The calculation incorporated international market rates, benchmark prices, premiums, and related costs, which remain central to Pakistan’s fuel pricing process. The increase on October 3 served as the immediate base for the subsequent revision, which took effect on October 6.
The decision on October 6 added Rs0.88 to petrol, raising the price from Rs392.76 to Rs393.64 per litre. Meanwhile, high-speed diesel reversed its earlier increase, dropping from Rs399.64 to Rs397.76. Compared to October 2, petrol is now Rs2.98 per litre higher, whereas diesel is Rs1.58 lower. The federal government continues to levy taxes and duties of Rs114 per litre on petrol, with the same amount of Rs100 per litre applied to high-speed diesel.
International Market Trends Drive Daily Fuel Price Changes
Since July, Pakistan has adopted a daily fuel pricing system, replacing the previous weekly review cycle that started in March. This approach links domestic fuel prices directly to movements in international markets and other relevant factors. Prior to this, fuel prices were generally adjusted over longer intervals. The new system can produce different price shifts for petrol and diesel on the same day, as seen on October 6, when petrol increased while diesel declined.
Despite recent increases, fuel prices are still below their peak levels earlier this year. On April 3, petrol reached Rs458.41 per litre, and high-speed diesel climbed to Rs520.35. In the first week of March, petrol was close to Rs266 per litre, and diesel was around Rs281 per litre before their subsequent rises. By October 6, petrol was Rs64.77 below its April high, while diesel was Rs122.59 lower than its peak. Both products have experienced significant declines from their maximum levels recorded earlier this year.
Post-October 3 Price Adjustments Result in Divergent Trends for Petrol and Diesel
Petrol remains a primary fuel for private vehicles, including small cars, motorcycles, and rickshaws across Pakistan. High-speed diesel primarily fuels heavy transport, power stations, and large generators. These two fuels serve different sectors of the country’s transportation and energy needs. Both petrol and high-speed diesel are also the leading sources of petroleum revenue by sales volume. Recent price revisions have shown mixed movements, with both fuels rising on October 3 and then diverging on October 6, when petrol increased and diesel decreased.
As of October 6, the current petrol rate stands at Rs393.64 per litre, while high-speed diesel is priced at Rs397.76. These figures replace the previous levels of Rs392.76 and Rs399.64, respectively, from October 3. Petrol has gained Rs0.88 since that revision, and diesel has decreased by Rs1.88. The latest rates continue the pattern of frequent adjustments typical of the daily pricing system implemented in October, affecting motorists and commercial users during this period.