ISLAMABAD / RankWire.AI / – Pakistan has seen another increase in petrol prices on October 6 following its daily fuel adjustment process. The cost of petrol rose by Rs0.88 per litre to Rs393.64, continuing the upward trend from three days prior. Conversely, high-speed diesel experienced a decline, decreasing by Rs1.88 to Rs397.76 per litre. This recent change was made after an October 3 decision that raised both primary fuel types. That earlier move set petrol at Rs392.76 and high-speed diesel at Rs399.64 per litre.
On October 3, petrol increased by Rs2.10 per litre from Rs390.66, while high-speed diesel gained Rs0.30 from Rs399.34. The Petroleum Division explained that the revision reflected fluctuations in international fuel prices. Pricing calculations incorporate international market rates, benchmark prices, premiums, and related costs, which remain central to Pakistan’s fuel review process. The rise on October 3 served as the basis for the subsequent revision that took effect on October 6.
The decision on October 6 added Rs0.88 to petrol, raising its rate from Rs392.76 to Rs393.64 per litre. Meanwhile, high-speed diesel reversed its previous increase, falling 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 Rs100 per litre levied on high-speed diesel.
Daily fuel price adjustments mirror global market shifts
Pakistan adopted a daily fuel pricing system starting July, moving away from weekly revisions that had been in place since March. This system links domestic fuel prices to international market movements and other relevant factors. Prior to this change, fuel prices were generally reviewed over longer periods. The current approach allows for individual daily adjustments for petrol and diesel, as exemplified on October 6, when petrol increased while diesel decreased.
Despite recent fluctuations, fuel prices remain below their peak levels earlier this year. On April 3, petrol hit Rs458.41 per litre, and high-speed diesel reached Rs520.35. In early March, petrol was close to Rs266 per litre, and diesel was approximately Rs281 per litre before climbing. By October 6, petrol was Rs64.77 below its April high, and diesel was Rs122.59 under its peak, indicating significant declines from their maximums.
Petrol rises while diesel dips following October 3 revision
In Pakistan, petrol is predominantly used in private vehicles, including small cars, motorcycles, and rickshaws. High-speed diesel, on the other hand, fuels heavy transport, power plants, and large generators. These fuels serve different sectors within the country’s energy and transportation landscape. Both petrol and diesel are key contributors to Pakistan’s petroleum revenue based on sales volume. Recent adjustments have seen the two fuels move in opposite directions on several occasions. On October 3, both prices increased, but on October 6, petrol was raised while diesel saw a reduction.
As of October 6, the current petrol rate stands 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, recorded on October 3. Petrol has gained Rs0.88 since that revision, whereas diesel has fallen by Rs1.88. The latest figures reflect the ongoing pattern of frequent daily adjustments under the current pricing system. Motorists and commercial users will face these revised rates during the October 6 period.