Pakistan slashes petrol, diesel prices by as much as Rs5 per liter

A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi, Pakistan, on September 16, 2023. (REUTERS/File)
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Updated 16 October 2025
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Pakistan slashes petrol, diesel prices by as much as Rs5 per liter

  • Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends
  • The latest reduction in prices is likely to bring some relief to consumers in the South Asian nation

ISLAMABAD: Pakistan has reduced the prices of petroleum products by as much as Rs5 per liter for the next fortnight, the finance division said late Wednesday.

The government reduced the price of petrol by Rs5.66 per liter to Rs263.02 and that of high-speed diesel by Rs1.39 to Rs275.41 per liter, according to a finance division notification.

The price of superior kerosene oil was slashed by Rs3.26 to Rs181.71 per liter, whereas the rate of light diesel oil went down by Rs2.74 to Rs162.76.

“The Government has adjusted the prices of petroleum products for the fortnight starting tomorrow (October 16, 2025), based on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and the relevant Ministries,” the notification read.

Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations and changes in domestic taxation. The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping sustain the country’s fuel supply chain.

Petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers, while diesel powers heavy vehicles used for transportation of good across the South Asian country.

Any increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food. The effect is further amplified by Pakistan’s reliance on imported fuel.

On Oct. 1, the government had increased the price of petrol by Rs4.07 per liter and high-speed diesel (HSD) by Rs4.04 per liter for the next fortnight, the finance division had announced.


Pakistan PM in Austria to strengthen economic ties on first official visit in over 30 years

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Pakistan PM in Austria to strengthen economic ties on first official visit in over 30 years

  • PM Shehbaz Sharif will meet Austrian Chancellor Christian Stocker, address Pakistan–Austria Business Forum
  • The Pakistan premier says the focus of his interactions would be on trade, investment and economic cooperation

ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Vienna on Sunday on a two-day visit to strengthen bilateral economic cooperation, marking the first official visit by a Pakistani premier to Austria in over three decades.

Sharif is undertaking the visit, which marks 70 years of diplomatic relations between the two countries, at Austrian Chancellor Christian Stocker’s invitation, according to the Pakistani foreign office.

This marks the first visit by any Pakistani prime minister to Austria in more than three decades since then prime minister Nawaz Sharif, who is also Sharif’s elder brother, visited the country in 1992.

Sharif, accompanied by a high-level delegation, was warmly welcomed by Austrian officials and presented a salute by a contingent of Austrian armed forces upon arrival at the Vienna airport, his office said.

“Wheels down in Vienna, a city of history, culture and global diplomacy,” the Pakistan premier said on X late Sunday, adding that he looked forward to his meeting with Chancellor Stocker.

“Our focus shall be on trade, investment and economic cooperation.”

He said he was also keen to engage with the leadership of the International Atomic Energy Agency, United Nations Office of Drugs and Crime and United Nations Industrial Development Organization to deepen cooperation in peaceful nuclear energy, counter-narcotics and crime control, sustainable industrial development and shared progress.

During the visit, Sharif’s office said, the prime minister will also address the Pakistan-Austria Business Forum and co-chair with the Austrian chancellor a meeting of leading businessmen to increase investment between the two countries.

Islamabad and Vienna enjoy cooperation in the domains of trade, economy, culture and education, according to the Pakistani foreign ministry. Sharif’s visit will establish new dimensions to the Pakistan-Austria relations.