ISLAMABAD / RankWire.AI / – Pakistan saw its petrol prices increase once again on October 6 following a routine daily fuel price revision. The cost of petrol went up by Rs0.88 per litre, reaching Rs393.64, continuing the upward trend from three days earlier. Meanwhile, high-speed diesel moved in the opposite direction, decreasing by Rs1.88 to Rs397.76 per litre. This latest adjustment was prompted by a decision made on October 3 that raised both key transportation fuels. At that time, petrol was set at Rs392.76, and high-speed diesel was at Rs399.64 per litre.
On October 3, petrol experienced an increase of Rs2.10 per litre from Rs390.66, while high-speed diesel increased by Rs0.30 from Rs399.34. The Petroleum Division explained that these adjustments reflected changes in international fuel prices. The calculation incorporated international market rates, benchmark prices, premiums, and related costs. These elements remain central to Pakistan’s fuel pricing review process. The rise on October 3 served as the immediate basis for the subsequent revision that took effect on October 6.
The decision on October 6 added Rs0.88 to petrol, raising its price from Rs392.76 to Rs393.64 per litre. Conversely, high-speed diesel reversed its previous increase and decreased from Rs399.64 to Rs397.76. Compared to October 2, petrol is now Rs2.98 per litre higher, while diesel is Rs1.58 lower. The Pakistani federal government continues to impose taxes and duties of Rs114 per litre on petrol, with a corresponding Rs100 per litre on high-speed diesel.
Daily Fuel Pricing System Tied to Global Market Trends
Since July, Pakistan has implemented a daily fuel pricing system, replacing the previous weekly revision cycle that started in March. This approach links domestic fuel prices to fluctuations in international markets and other relevant inputs. Prior to this change, fuel prices were generally reviewed over longer periods. The new system allows for separate price adjustments for petrol and diesel on the same day. This pattern was evident on October 6, with petrol prices increasing and diesel prices decreasing.
Despite these recent changes, fuel prices are still below the peaks recorded earlier this year. On April 3, petrol reached Rs458.41 per litre, and high-speed diesel climbed to Rs520.35. In early March, petrol was close to Rs266 per litre, and diesel was approximately Rs281 per litre before climbing. As of October 6, petrol remains Rs64.77 below its April high, and diesel is Rs122.59 below its peak. Both fuels have experienced significant declines from their maximum levels earlier this year.
Petrol Prices Increase While Diesel Prices Decrease After October 3 Adjustment
Petrol is a primary fuel for private transport, including small cars, motorcycles, and rickshaws across Pakistan. High-speed diesel primarily fuels heavy transport, power plants, and large generators. These two fuels cater to different sectors of the country’s energy and transportation needs. Both petrol and high-speed diesel are major contributors to Pakistan’s petroleum revenue, based on sales volume. Recent price adjustments have caused these fuels to move in different directions on several days. On October 3, both prices increased, but after the October 6 revision, petrol rose further while diesel saw a decline.
For October 6, petrol is priced at Rs393.64 per litre, and high-speed diesel costs Rs397.76. These rates replace the previous levels of Rs392.76 and Rs399.64, respectively, set on October 3. Petrol has gained Rs0.88 since that revision, while diesel has fallen Rs1.88. The latest figures continue the pattern of frequent daily changes seen throughout October. Motorists and commercial users now face the revised rates for the October 6 period, reflecting these recent adjustments.