Petrol cut by Rs7.06 and diesel by Rs3.71 per litre for November 5
The government has cut petrol to Rs362 per litre and high-speed diesel to Rs387.81 for November 5. It is the second reduction in three days.
For information only, not investment advice. Prices change quickly: check the time and source of every figure.
- Petrol falls Rs7.06 to Rs362 per litre; diesel falls Rs3.71 to Rs387.81.
- Prices apply for Thursday, November 5, 2026.
- Brent crude fell $1.75 to $101.85 per barrel on Wednesday.
The federal government has reduced the price of petrol by Rs7.06 per litre and high-speed diesel by Rs3.71 per litre for November 5, 2026. Petrol will sell at Rs362 per litre and diesel at Rs387.81, according to a Petroleum Division notification reported by The Express Tribune and Minute Mirror.
The Oil and Gas Regulatory Authority (OGRA) said petrol was previously priced at Rs369.06 per litre and diesel at Rs391.52. Business Recorder reported that OGRA's press release, issued on Wednesday, said the revision was made under the petroleum products pricing mechanism approved by the federal government.
The cut follows another reduction a day earlier. The government lowered petrol by Rs5.45 per litre and diesel by Rs3.68 per litre for November 4. Daily Pakistan calculated that after both adjustments petrol is Rs12.51 per litre cheaper and diesel Rs7.39 cheaper in total.
Daily Pakistan reported that international oil prices fell on Wednesday amid uncertainty over the US-Israeli war with Iran and the Democrats' win in the US midterm elections. Brent crude dropped $1.75 to $101.85 per barrel, while US West Texas Intermediate fell $1.18 to $94.91.
The Express Tribune reported that on Monday the government said refineries would absorb Rs15 billion per month, allowing petrol to sell Rs15 below the global market price. It said daily price reviews were introduced on July 17, replacing the weekly mechanism, as US-Iran tensions raised oil price volatility.
The paper also noted an earlier relief scheme announced by Prime Minister Shehbaz Sharif on September 13: Rs100 per litre off petrol for motorcycles, three-wheelers and cars up to 800cc, covering an estimated 11.8 million people. Daily Pakistan said the reduction is expected to give some relief to consumers and transport operators, and that future prices depend on international oil market trends and government pricing policies.
Background
khabr.pk reported on 4 November that Prime Minister Shehbaz Sharif directed the petroleum minister to act against petrol pumps that do not pass relief on to consumers, and said a Rs15 per litre petrol increase due on Friday did not go ahead.
Why it matters for Pakistan
Fuel prices feed directly into transport costs and household budgets across Pakistan. Petrol is now Rs12.51 per litre cheaper than before the last two cuts, and diesel Rs7.39 cheaper, according to Daily Pakistan. Daily Pakistan said the cuts are expected to ease costs for consumers and transport operators. Motorcycle, three-wheeler and small-car users also have the separate relief scheme announced in September.
