Petrol Price in Pakistan Today: Rs 362.00 After the Third Cut in Three Days
Is Article Mein
- Latest Update: Third Cut in Three Days Takes Petrol to Rs 362.00
- Current Petrol and Diesel Prices
- How Daily Fuel Pricing Works in Pakistan
- The New Petrol Formula: What Changed on 30 October
- The Levy Question: Rs 80 or Rs 65.29?
- Why Petrol Did Not Rise on 31 October
- What This Means for You Before You Fill Your Tank
- FAQs
- Conclusion
Latest Update: Third Cut in Three Days Takes Petrol to Rs 362.00
OGRA’s price for 5 November 2026 sets petrol at Rs 362.00 per litre, down Rs 7.06 from the previous day, and high-speed diesel at Rs 387.81 per litre, down Rs 3.71. This is the third reduction in three daily revisions, following cuts on 3 November and 4 November, and it gives readers a clear example of how quickly prices can now move under the daily system.
From the 31 October starting point, petrol has fallen by Rs 15.91 per litre in total and diesel by Rs 15.15 per litre. The next revision is due on Friday, 6 November 2026. Because prices are notified on working days, the price announced on Friday will normally remain in force through Saturday and Sunday as well.
Current Petrol and Diesel Prices
The table below shows OGRA’s complete recent daily path for petrol and high-speed diesel. It starts with the 31 October prices, when petrol was unchanged and diesel rose, and then follows the three consecutive reductions that brought both fuels to their 5 November levels.
| Date | Petrol per Litre | High-Speed Diesel per Litre |
|---|---|---|
| 31 October 2026 | Rs 377.91 | Rs 402.96 |
| 3 November 2026 | Rs 374.51 | Rs 395.20 |
| 4 November 2026 | Rs 369.06 | Rs 391.52 |
| 5 November 2026 | Rs 362.00 | Rs 387.81 |
On 3 November, petrol fell by Rs 3.40 and diesel by Rs 7.76. The reductions continued on 4 November, when petrol fell by another Rs 5.45 and diesel by Rs 3.68, before the latest cuts of Rs 7.06 and Rs 3.71 took effect on 5 November. Readers who follow energy costs closely can also read how the electricity protected consumer limit and power tariffs affect household budgets, because fuel and electricity prices together decide the monthly cost of transport and power for most families.
How Daily Fuel Pricing Works in Pakistan
Daily fuel pricing is not a new system. OGRA has been fixing and publishing fuel prices every day since 21 July 2026, so Pakistan has already been running on daily prices for more than three months. What changed at the end of October was not the daily system itself, but the petrol formula used inside it, which is explained in the next section.
The daily system works on a few simple rules:
- OGRA publishes the ex-depot prices on its official website every working day.
- Each price is based on a rolling average of seven working days of international oil prices and the exchange rate.
- OGRA does not need prior approval from the Prime Minister or the cabinet to notify a daily price.
- The price notified on Friday stays in force on Saturday and Sunday as well.
- The next daily revision after the 5 November price is due on Friday, 6 November 2026.
Because the price is rebuilt from international rates every working day, small movements up or down are normal under this system. The three cuts in a row are larger than a routine daily adjustment, but they still come through the same official process: OGRA recalculates the ex-depot price, publishes it, and that newly notified price replaces the previous working day’s price.
The New Petrol Formula: What Changed on 30 October
On 30 October 2026 the federal cabinet approved a revised formula for calculating the petrol price. The aim was to base the price on real import costs and to stop temporary jumps in refinery charges from reaching the public. The formula applies to petrol only, and it is a temporary arrangement that the government will review after 30 days, around the end of November.
The main changes in the new formula are:
- The import price of petrol is now taken from the actual cost of the relevant PSO cargo, instead of a general average.
- The premium, incidentals and customs duty charged by refineries are frozen at the levels of 7 March 2026 for 30 days.
- The difference created by this freeze is surrendered under the petroleum levy head instead of being added to the pump price.
- The change covers petrol only; diesel and other products are priced under the old method.
- The whole arrangement will be reviewed after 30 days, around the end of November 2026.
In simple words, the formula fixes two parts of the petrol cost at old levels for one month and ties the import part to the real cargo bill. This is also the mechanism that connects to the levy question, because the frozen difference is handled through the levy head, which created the confusion explained below.
The Levy Question: Rs 80 or Rs 65.29?
A claim is spreading on social media that the government has cut the petroleum levy from Rs 80 to Rs 65.29 per litre. That claim is wrong. OGRA’s price build-up still shows a petroleum levy of Rs 80 per litre, and that total did not change during the three days of price cuts. Only the method of collecting the petrol levy changed, and a change in collection is not a cut in the levy itself.
OGRA’s build-up sheet shows the Petroleum Levy as one line of Rs 80.00, and the same sheet also lists a separate Climate Support Levy of Rs 5.00 per litre and sales tax of Rs 0.
| Petroleum Levy on Petrol | Amount per Litre |
|---|---|
| Levy notified | Rs 80.00 |
| Collected directly in the pump price | Rs 65.29 |
| Recovered from refineries | Rs 14.71 |
Out of petrol’s Rs 80 levy, Rs 65.29 is collected directly inside the pump price. The remaining Rs 14.71 is recovered from refineries, which are charged Rs 49.02 per litre on their sales to oil marketing companies. The split applies to petrol; for high-speed diesel, the full Rs 80 petroleum levy remains in the price, so readers should not expect a price drop from a “levy cut” that never happened.
Why Petrol Did Not Rise on 31 October
Many readers asked why petrol stayed the same on 31 October when its costs had clearly increased. OGRA’s price sheet gives the answer: the landed cost of petrol rose by about Rs 14.71 per litre in that calculation, because both the import premium and the customs duty were higher than in the previous calculation. In a normal round, an increase of this size would have been added straight to the pump price.
This time it was not. The increase was absorbed through the new levy and refinery mechanism described above, under which the extra amount was recovered from refineries instead of from buyers at the pump. That is why petrol remained at Rs 377.91 on 31 October, while diesel, which is outside this arrangement, took its Rs 2.29 increase to Rs 402.96 on that date.
What This Means for You Before You Fill Your Tank
The first lesson of daily pricing is that the price you paid last week may not be the price today. In only three revisions, petrol has moved from Rs 377.91 to Rs 362.00, so it is wise to check the day’s official price on ogra.org.pk before you fill your tank, especially before a long journey. The current price is the 5 November price, and the next one is due on Friday, 6 November.
The second lesson is about fake news. Old price lists and made-up “new rates” are shared again and again on social media and WhatsApp, and the false levy-cut claim shows how fast a wrong figure can spread. Trust only the price published on OGRA’s official website, and you can also browse our government schemes and public relief updates to keep track of other official price and relief announcements in one place.
FAQs
Has the petroleum levy been cut to Rs 65.29?
No. The petroleum levy remains Rs 80 per litre, and it stayed unchanged through the price cuts of 3, 4 and 5 November.
Only the collection method for petrol changed: Rs 65.29 is collected in the pump price and Rs 14.71 is recovered from refineries.
When will the next price be announced?
The next daily revision is due on Friday, 6 November 2026, when OGRA publishes the new ex-depot prices on its website.
The Friday price will normally stay in force on Saturday and Sunday, until the next working day’s revision replaces it.
What is the petrol price in Pakistan today?
Petrol is Rs 362.00 per litre and high-speed diesel is Rs 387.81 per litre under OGRA’s 5 November 2026 price.
Petrol fell by Rs 7.06 and diesel by Rs 3.71 in the latest daily revision.
Is daily fuel pricing a new system in Pakistan?
No. OGRA has been publishing daily fuel prices since 21 July 2026.
The news at the end of October was the new petrol formula approved on 30 October, not the daily system itself.
Does the new petrol formula also apply to diesel?
No. The revised formula and the 30-day freeze on refinery charges apply to petrol only.
Diesel continues under the previous method; it rose on 31 October but then fell in the daily revisions of 3, 4 and 5 November.
Where can I check the official fuel price for the day?
Check the ex-depot price published on OGRA’s official website, ogra.org.pk, before filling your tank.
Do not rely on price lists forwarded on social media or WhatsApp, as they are often old or fabricated.
Conclusion
The correct picture today is simple: petrol is Rs 362.00 per litre and high-speed diesel is Rs 387.81 per litre after three consecutive daily cuts. Petrol has fallen by Rs 15.91 from its 31 October level and diesel by Rs 15.15, while the petroleum levy remains Rs 80 per litre and only the collection split for petrol has changed.
The next revision is due on Friday, 6 November 2026, so even today’s lower prices may not remain in force for long. Daily pricing itself has been running since July, and the habit that protects every buyer is the same as before: check the official OGRA price for the day, and ignore forwarded lists that OGRA never issued.
Disclaimer: Prime Updates is an independent information website and is not affiliated with OGRA or the Petroleum Division. Prices in this article are taken from OGRA’s official notifications; always confirm the day’s price on ogra.org.pk before filling your tank.
