Business & Economics
Pakistan Cuts Petrol by Rs3.63, Nudges Diesel Up Rs0.31 Under New Daily Pricing Regime
Islamabad’s daily-review mechanism lowered petrol to Rs390.23 per litre and inched high-speed diesel up to Rs396.96 for 16 Oct 2026, reversing the previous day’s hike amid Middle-East-driven oil volatility.
Focusing Facts
- Petrol price falls from Rs393.86 to Rs390.23 per litre; HSD rises from Rs396.65 to Rs396.96, effective 00:01 hrs 16 Oct 2026.
- The daily fuel-price review, instituted 17 Jul 2026, replaced a weekly system to mirror global Platts benchmarks more closely.
- A Rs100/litre subsidy scheme announced 13 Sep 2026 aims to cushion 11.8 million two- and three-wheeler and sub-800cc car owners for up to 30 litres monthly.
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Perspectives in this article
- Independent Nigerian investigative media
- Pakistani state-aligned or government-friendly outlets
- UK populist consumer media