Petroleum Product Prices Reduced
Sanaullah Nagra (@) Published November 07, 2026 | 12:27 AM
Petrol has been reduced by Rs6.59 per litre and diesel by Rs4.25 per litre, according to a notification issued by the Petroleum Division.
ISLAMABAD (UrduPoint / Pakistan Point News - 6th Nov, 2026) OGRA has announced a reduction in petroleum product prices. As per a notification, petrol price is now Rs346 per litre, and high-speed diesel is Rs378 per litre. These revised prices will be effective from 12 midnight tonight.
Pakistan is set to resume offshore oil and gas exploration activities after a 20-year hiatus. A seismic survey vessel from Turkish Petroleum Company will arrive in Karachi from November 17 to 20. Federal Minister Ali Pervaiz Malik expressed his commitment to welcoming the vessel personally, highlighting the significance of bilateral cooperation following the Mecca Agreement.
A high-level meeting, chaired by Federal Petroleum Minister Ali Pervaiz Malik, reviewed the arrangements for the vessel's arrival, including its entry into Karachi, security, maritime routes, and operational details.
The federal minister viewed this development as a landmark in Pakistan and Turkey's longstanding friendship, emphasizing the importance of bilateral cooperation. He assured full support for Turkey's offshore oil and gas exploration project, which he said would strengthen energy security and foster cooperation.
The project manager of Turkish Petroleum Company expressed gratitude for Pakistani authorities' collaboration. All relevant institutions have been directed to ensure seamless coordination for the vessel's arrival and subsequent exploration activities.
The arrival of the Turkish seismic survey vessel is considered a pivotal step towards reviving offshore oil and gas exploration in Pakistan, offering the potential for discovering substantial reserves.