Government Cuts Petrol Price by Rs5.16, Diesel by Rs7.69

The government has announced a reduction in petroleum prices. Under the government’s pricing mechanism, OGRA determined new ex-depot prices effective October 20, 2026. Petrol has been reduced by Rs5.16 per litre to Rs381.14, while diesel has become cheaper by Rs7.69 per litre, bringing its price down to Rs389.27 per litre.

According to the Petroleum Division, the price adjustments were made after taking into account international petroleum prices, Platts rates, premiums and other costs. A cumulative reduction of Rs17.16 per litre in petrol prices over the past 10 days has raised hopes of some relief for the public. The reduction in diesel prices is also expected to lower transportation costs and the expenses involved in delivering essential commodities.

The cut in petroleum prices offers hope of easing the burden of inflation on the public. However, the real benefits of this relief will reach consumers only if transportation fares and the prices of essential commodities also come down.