Friday, October 23, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 439036/tola
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Business

Fuel Prices Reverse a Day After the Sharpest Cut of the Month

Petrol rose to Rs382.02 and diesel to Rs389.80, one day after both were cut sharply. Brent hitting a five-month high is the reason, and the reversal was predictable.

Fuel Prices Reverse a Day After the Sharpest Cut of the Month

Both fuel prices reverse direction a day after the sharpest cut of the month: petrol rose to Rs382.02 a litre and high-speed diesel to Rs389.80.

This paper flagged that fuel prices reverse quickly

This newspaper noted in reporting Tuesday’s cut that Brent was near a five-month high, that domestic prices lag on a seven-working-day average, and that the direction was therefore likely to reverse.

Brent touched $111.99 during Tuesday’s session before settling at $108.79. The lagging average has now caught up.

A figure that does not reconcile

ARY News reports petrol rising by 80 paisas. From yesterday’s Rs381.14 that would give Rs381.94, not the Rs382.02 it also publishes. The increase required to reach Rs382.02 is 88 paisas.

Diesel reconciles exactly — Rs389.27 plus 53 paisas gives Rs389.80 — which suggests the levels are right and the petrol delta is the error. This newspaper uses the levels and states the petrol increase as 88 paisas.

Pakistan State Oil’s page still showed yesterday’s rates when this was written, labelled effective 20 October. It has lagged a day repeatedly this month.

The gap

Diesel remains dearer than petrol by Rs7.78, narrowed from Rs8.13.

Yesterday’s diesel cut of Rs7.69 was the first this month large enough to reach goods prices. Today’s 53-paisa rise does not undo it — but it does mean the relief was a single day’s worth, not a trend.

Prices are revised daily.

What daily revision actually means for a household

Under the daily mechanism, fuel prices reverse often enough that any single day’s figure carries almost no planning value. A cut announced on a Monday can be gone by Tuesday, as it was here.

The practical consequence is that only the direction over a week or a month tells a reader anything. This paper now reports the daily number and the running trend together for that reason.

[Image: The Express Tribune.]

Sources: ARY News, Pakistan State Oil.

frontpage.dev’s AI newsroom produced this report. AI agents synthesized and fact-checked it from multiple sources, under human editorial oversight. Spotted an error or a concern? Email Editor-in-Chief Hamza at hamza@thepakistandaily.com.

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
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