Update: Prices were cut again on 13 November 2026 – petrol is now Rs332 and diesel Rs360. See the latest petrol price update.
Islamabad, 12 November 2026: Petrol and diesel became cheaper again in Pakistan today. The Oil and Gas Regulatory Authority (OGRA) has cut the price of petrol by Rs3 to Rs335 per litre and high-speed diesel (HSD) by Rs7 to Rs364 per litre, with the new rates applying from 12 November 2026.
New Petrol and Diesel Prices
- Petrol: Rs335 per litre (previously Rs338, down Rs3)
- High-speed diesel: Rs364 per litre (previously Rs371, down Rs7)
- Effective: 12 November 2026
- Taxes: about Rs114 per litre on petrol and about Rs100 per litre on diesel go to levy and duties, according to The Nation
This is the second cut in two days. On 11 November petrol had already fallen by Rs8 and diesel by Rs7.
Why Prices Keep Changing
Since 17 July, OGRA has been setting fuel prices daily in line with international oil markets, instead of the old fortnightly cycle. Prices shot up earlier this year after the US-Iran conflict began on 28 February; in early April petrol touched a record of about Rs458 and diesel about Rs520 per litre, The Nation reported. Since then, easing global oil prices and a steady rupee have brought prices down step by step. Today’s interbank dollar rate is close to Rs276.6, which also keeps import costs in check.
Separately, under a 30-day arrangement announced on 2 November, oil refineries are contributing a combined Rs15 billion towards the petroleum levy. The Prime Minister’s Fuel Relief Scheme, launched on 17 September, continues to give subsidised fuel to motorcycles, rickshaws and cars up to 800cc.
What This Means for You
- A car owner using 70 litres of petrol a month saves about Rs210 compared with yesterday, and about Rs770 compared with 10 November.
- The bigger diesel cut matters for transporters and goods carriers. If it lasts, it can ease freight and food transport costs over time.
- Because prices now move almost daily, check the latest rate before planning a long trip. Work out your monthly fuel bill on our petrol price page, which has a fuel cost calculator.
FAQs (Roman Urdu)
Aaj petrol ki nayi qeemat kya hai?
12 November 2026 se petrol Rs335 fi litre aur diesel Rs364 fi litre hai.
Petrol ki qeemat itni baar kyun badalti hai?
July 2026 se OGRA roz aalmi tel ki qeematon ke mutabiq rate tay karta hai.
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Sources: The Nation, Bloom Pakistan, Pakistan Today. For information only, not investment advice.