ISLAMABAD / RankWire.AI / – Pakistan increased fuel prices once again on October 6 following the latest daily revision. The price of petrol rose by Rs0.88 per litre to Rs393.64, building on the upward trend from three days earlier. Conversely, high-speed diesel decreased by Rs1.88 to Rs397.76 per litre. This recent adjustment comes after an October 3 decision that raised both key transport fuels. That earlier move set petrol at Rs392.76 and high-speed diesel at Rs399.64 per litre.
On October 3, petrol saw an increase of Rs2.10 per litre from Rs390.66, while high-speed diesel gained Rs0.30 from Rs399.34. The Petroleum Division explained that the review was based on variations in international fuel prices. Pricing calculations incorporate international market rates, benchmark prices, premiums, and related expenses, which remain central to Pakistan’s fuel review process. The October 3 adjustment served as the immediate reference point for the subsequent revision on October 6.
The decision on October 6 added Rs0.88 to petrol, raising the rate from Rs392.76 to Rs393.64 per litre. Meanwhile, high-speed diesel reversed its previous gain, dropping 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.
Daily fuel price adjustments now mirror international market movements
Since July, Pakistan has adopted a daily fuel pricing system, replacing the earlier weekly revision cycle that started in March. This new approach links domestic fuel prices directly to fluctuations in international markets and other relevant factors. Previously, fuel prices were reviewed less frequently, often over longer periods. The current system allows for separate daily movements in petrol and diesel prices, as demonstrated on October 6 when petrol increased while diesel decreased.
Despite recent fluctuations, fuel prices are still below their peaks earlier this year. On April 3, petrol hit Rs458.41 per litre, and high-speed diesel reached Rs520.35. In the first week of March, petrol was close to Rs266 per litre, and diesel was approximately Rs281 per litre before their respective climbs. By October 6, petrol remains Rs64.77 below its April maximum, and diesel is Rs122.59 lower than its peak. Both fuels have significantly declined from their highest levels of the year.
Petrol increases while diesel decreases following October 3 price revision
Petrol, a primary fuel for private vehicles including small cars, motorcycles, and rickshaws across Pakistan, continues to be a vital part of daily life. High-speed diesel, on the other hand, supplies heavy transport, power plants, and large generators. These two fuels serve different sectors of Pakistan’s energy and transportation needs. Both are also the country’s top petroleum revenue generators by sales volume. Over recent days, fuel prices have moved in different directions, with both rising on October 3 and then petrol increasing and diesel decreasing on October 6.
For October 6, the current petrol rate is Rs393.64 per litre, while high-speed diesel costs Rs397.76. These figures replace the previous levels of Rs392.76 and Rs399.64 from October 3. Since that review, petrol has gained Rs0.88, and diesel has fallen Rs1.88. The latest rates continue the pattern of frequent daily adjustments typical under the new pricing system, impacting motorists and commercial users during the October 6 period.