Petrol price cut by Rs2.71, diesel drops 30 paisa per litre

Motorists have suffered another blow with the latest gasoline price review, which has once again seen petrol and diesel prices drop.

Petrol has seen a reduction of Rs2.71 per litre, while diesel has become 30 paisa cheaper.

According to the fuel price information provided, the new prices will come into force on Wednesday (14 October 2026).

New fuel prices

The petrol price has been cut by Rs2.71 per litre to Rs392.66 per litre.

The company announced that the price of high-speed diesel was decreased by 30 paisa per litre and the new pricing is Rs396.82 per litre.

Daily pricing mechanism

The latest revision comes after the government shifted to daily fuel price evaluations, allowing petroleum rates to respond more often to fluctuations in overseas markets.

Under the new mechanism, pricing will be determined based on international market rates averaged over seven days, among other things, such as benchmark prices, premiums and charges.

It is a scheme designed to ensure that changes in world oil prices are passed on to consumers more quickly.

According to the price information, fuel prices would not change on public holidays, Saturdays and Sundays.