Government hikes fuel prices for eighth straight day

The government further increased the price of petrol by Rs6. 88 per litre and high-speed diesel (HSD) by Rs5. 62 per litre, effective from Thursday, September 17, 2026, marking the eighth consecutive hike in petroleum prices. According to an Oil and Gas Regulatory Authority (OGRA) notification, the new price of petrol has been fixed at Rs391. 22 per litre, while HSD will be sold at Rs421. 45 per litre. The regulator said the increase was primarily linked to higher international prices of petrol and diesel amid continued global uncertainty. The prices were also revised in view of changes in Platts rates, premiums and other relevant factors, OGRA said. The latest increase will further add to the cost burden for consumers and businesses amid elevated international crude oil and petroleum product prices. In the previous review, the government had raised the price of petrol to Rs384. 34 per litre and HSD to Rs415. 83 per litre. Over the past six days, the government has increased the petrol price by Rs20. 42 and diesel by Rs23. 41 per litre. Oil prices fall Global oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns over supply disruptions. A smaller-than-expected draw in US crude inventories also put downward pressure on prices. Brent crude futures fell $3. 63, or 3. 3%, to $105. 12 a barrel by 11: 23 a. m. EDT (1523 GMT). US West Texas Intermediate futures dropped $4. 11, or 3. 9%, to $101. 72. Saudi Arabia is offering additional crude loadings to Asian refiners through ship-to-ship transfers off Oman’s Sohar port, according to people familiar with the matter. The move could help offset some of the impact on global supplies from attacks on Saudi Arabia’s East-West pipeline to the Red Sea.

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