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PETROL PRICE IN PAKISTAN TODAY

 

Government Raises Petrol and Diesel Prices

The government has increased the prices of petrol and high-speed diesel (HSD) by Rs12.90 and Rs3.72 per litre, respectively, following changes in international oil prices.

Under the revised rates, petrol will now cost Rs358.77 per litre, while high-speed diesel will be priced at Rs381.77 per litre. The new prices will take effect from September 8.

New Fuel Prices

ProductPrevious PriceNew PriceIncrease
PetrolRs345.87/litreRs358.77/litreRs12.90
High-Speed Diesel (HSD)Rs378.05/litreRs381.77/litreRs3.72

According to a notification issued by the Petroleum Division, the revised prices are part of a new fuel-pricing mechanism approved by the federal cabinet.

Daily Fuel Price Reviews

Under the new framework, the Oil and Gas Regulatory Authority (OGRA) will publish updated petrol and diesel prices on its website every day. The aim is to improve transparency and allow consumers to benefit more quickly from changes in international oil markets.

Petroleum Minister Ali Pervaiz Malik said the new system would calculate fuel prices using a rolling seven-day average of international petroleum prices, bringing Pakistan's pricing mechanism closer to global practices.

OGRA will have the authority to announce daily ex-depot prices without obtaining prior approval from the prime minister or the federal government. However, prices announced on Fridays will remain unchanged on Saturdays and Sundays.

The official framework also states that OGRA will publish daily Platts reference prices starting July 1, 2026.

Impact of Global Oil Markets

The move toward daily fuel-price reviews comes amid increased volatility in international oil markets following renewed hostilities in the Middle East.

Pakistan had previously shifted from a fortnightly fuel-price review to a weekly system after the outbreak of the Israel-Iran conflict in February. The situation was later intensified by US involvement and disruptions to energy shipments through the Strait of Hormuz, one of the world's major routes for oil supplies.

Petroleum Levy

Under the new mechanism, the petroleum levy cannot exceed the limit approved by the federal cabinet. Any change in the levy rate will require approval from the Finance Division.

Revised Fuel Import Policy

The government has also introduced changes to fuel-import arrangements for the 2026–27 fiscal year.

Under the revised conditions:

  • High-speed diesel imports will be handled exclusively through Pakistan State Oil (PSO).

  • Oil marketing companies will be allowed to import petrol according to their respective market shares.

The government says the new daily pricing framework is intended to make fuel prices more transparent, align Pakistan's system with international practices, and allow domestic fuel prices to respond more quickly to global oil-market movements.



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