ISLAMABAD / RankWire.AI / – Pakistan continued its pattern of daily fuel price revisions on October 6, with petrol prices increasing once again. The cost of petrol was raised by Rs0.88 per litre, reaching Rs393.64, building on the upward trend from three days prior. Conversely, high-speed diesel experienced a decline, falling by Rs1.88 to Rs397.76 per litre. This latest adjustment followed an October 3 decision that had raised both main transport fuels, with petrol at Rs392.76 and high-speed diesel at Rs399.64 per litre.
On October 3, petrol was increased by Rs2.10 per litre from Rs390.66, while high-speed diesel saw a marginal rise of Rs0.30 from Rs399.34. The Petroleum Division explained that these price revisions reflect fluctuations in international fuel markets. The calculation incorporates 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 base for the subsequent revision on October 6.
The decision on October 6 added Rs0.88 to petrol, pushing the price from Rs392.76 to Rs393.64 per litre. Meanwhile, high-speed diesel reversed its earlier increase, decreasing 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 federal government continues to impose taxes and duties of Rs114 per litre on petrol, with Rs100 per litre collected on high-speed diesel.
International market influences daily fuel price adjustments
Pakistan adopted a daily fuel pricing system starting in July, moving away from weekly revisions that had begun in March. This approach ties domestic fuel prices directly to movements in international markets and other key inputs. Prior to this change, fuel prices were typically reviewed over longer intervals. The current method allows for separate daily movements in petrol and diesel prices, as seen on October 6, when petrol increased while diesel declined.
Despite recent increases, fuel prices remain below the peaks recorded earlier this year. On April 3, petrol reached Rs458.41 per litre, and high-speed diesel climbed to Rs520.35. Before the price hikes, petrol was close to Rs266 per litre in the first week of March, and diesel was approximately Rs281 per litre. As of October 6, petrol is Rs64.77 below its April high, while diesel is Rs122.59 lower than its peak. Both fuels have experienced significant declines from their maximum prices in April.
Petrol increases while diesel decreases following October 3 revision
Petrol is a vital 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 products serve different sectors of the country’s energy and transportation needs. Both petrol and high-speed diesel are also the leading sources of petroleum revenue based on sales volume. Recent price adjustments have often moved these fuels in opposite directions; on October 3, both rose, but on October 6, petrol increased again while diesel saw a reduction.
As of October 6, the current petrol rate stands at Rs393.64 per litre, and 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, while diesel has fallen by Rs1.88. The latest rates continue the trend of frequent daily adjustments characteristic of the current pricing system. Motorists and commercial operators are now subject to these revised rates for the October 6 period.
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