Petrol rises Rs1.20 to Rs393.86 a litre as freight costs climb; the IEA warns diesel shortages could last into 2027
Petrol rose by Rs1.20 to Rs393.86 a litre from Rs392.66, and high-speed diesel fell by 17 paise (Business Recorder). The paper said the rise came despite falling global oil prices and traced it to the oil premium and freight charges, which climbed from $16.12 to $17.94 a barrel. Bloomberg wrote that soaring oil freight is becoming a risk to fuel supply, and FinancialJuice relayed an official saying the US is discussing easing some sanctions on shadow fleet vessels to lower freight rates. Brent settled at $106.06 (up 37 cents) and US crude at $95.09 (up 95 cents), per FinancialJuice. The IEA said diesel shortages could persist well into 2027 (Reuters).
Pakistan buys most of its fuel abroad, so freight and premiums raise the import bill even when crude is steady. Petrol at nearly Rs394 a litre feeds into transport and food costs.
Check the latest official notification before budgeting for fuel; Business Recorder has described recent price changes as daily. Transporters and commuters feel any rise first.
Washington and Moscow say the diesel deal will add supply; Russia says the first export shipments are under way (FinancialJuice, citing TASS).
Italy’s prime minister calls the deal a very risky choice (Reuters), and the IEA says easing Russian curbs is unlikely to change the global diesel balance much (FinancialJuice).
Pump prices follow more than crude. The Rs1.20 rise has its roots in freight and premiums, and those depend on shipping risk around Hormuz. Watch whether the shadow-fleet sanctions idea becomes policy and whether Russian diesel actually reaches buyers.
DailyDrop Pakistan edition No. 11 · Morning · THU., OCT. 15, 2026