ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced another increase in petroleum prices, raising the cost of both petrol and high-speed diesel under the government’s new daily pricing mechanism. The revised rates came into effect on July 24, 2026.
According to the latest notification, petrol has become costlier by Rs4.40 per litre, taking its price from Rs327.12 to Rs331.52 per litre. High-speed diesel (HSD) has also seen an increase of Rs3.62 per litre, with the new price rising from Rs375.04 to Rs378.66 per litre.
Product Previous Price New Price Change
Petrol Rs327.12/litre Rs331.52/litre +Rs4.40
High-Speed Diesel Rs375.04/litre Rs378.66/litre +Rs3.62
The latest adjustment comes as Pakistan implements a daily petroleum pricing system, replacing the previous fortnightly review process. Under the revised policy, OGRA updates fuel prices every day using the average international oil prices recorded over the preceding seven days, allowing domestic rates to reflect changes in global markets more quickly.
The government initially shifted to weekly fuel price revisions following heightened instability in the Middle East, which disrupted global energy markets after fighting between Israel, the United States, and Iran affected shipping through the Strait of Hormuz. With continued uncertainty in international oil markets, authorities have now adopted daily price reviews.
Under the new framework approved by the federal cabinet, OGRA is authorised to notify daily ex-depot prices for petrol and diesel without requiring prior approval from the prime minister or the federal government. However, prices announced on Fridays will remain unchanged over the weekend. The mechanism also requires the regulator to use daily Platts benchmark prices while ensuring that any petroleum levy remains within the limit approved by the federal cabinet. Any revision in the levy must receive clearance from the Finance Division.
The government has also revised fuel import rules for the 2026-27 fiscal year. Under the new arrangements, Pakistan State Oil (PSO) will be the sole importer of high-speed diesel, while oil marketing companies will continue importing petrol according to their market share. Companies that fail to meet their import or fuel uplift obligations may face restrictions, including a suspension of fresh import permissions for up to nine months.
