Petrol price in Pakistan rises to Rs336.15 per litre, while high-speed diesel reaches Rs393.04 from August 1 following OGRA’s latest review.
ISLAMABAD: The federal government has announced an increase in the petrol price in Pakistan, raising the rate by Rs1.09 per litre, while the price of high-speed diesel (HSD) has been increased by Rs2.42 per litre, following recommendations by the Oil and Gas Regulatory Authority (OGRA).
According to a notification issued by the Petroleum Division, the revised fuel prices will come into effect from August 1, 2026, and will remain applicable until the next fortnightly review unless revised earlier.
New Petrol and Diesel Prices
Under the latest revision:
- Petrol: Increased by Rs1.09 to Rs336.15 per litre
- High-Speed Diesel (HSD): Increased by Rs2.42 to Rs393.04 per litre
The Petroleum Division issued the notification after receiving approval from OGRA, which reviews petroleum prices based on international market trends and currency fluctuations.
Why Fuel Prices Changed
The federal government revises petroleum prices every 15 days based on recommendations submitted by OGRA.
The pricing mechanism considers several factors, including:
- International crude oil prices
- Global refined petroleum product prices
- Exchange rate fluctuations
- Import and freight costs
- Applicable taxes and petroleum levies
The latest revision means motorists, transporters, businesses, and industries across Pakistan will face higher fuel costs during the upcoming pricing cycle.
Government Approves New Refining Policy
The fuel price adjustment comes shortly after the government approved a new oil refining policy aimed at strengthening Pakistan’s energy sector and reducing dependence on imported petroleum products.
The policy is expected to attract nearly $6 billion in investment into the country’s refining industry.
Developed in consultation with stakeholders, including the Special Investment Facilitation Council (SIFC), the policy seeks to modernize existing refineries and improve domestic fuel production.
Focus on Energy Security
Under the new framework, refineries will be encouraged to:
- Increase production of petrol and high-speed diesel.
- Reduce furnace oil output.
- Upgrade facilities to produce Euro-5 compliant fuels.
- Improve fuel quality and environmental standards.
To support refinery upgrades, the government has introduced a seven-year incentive package for eligible operators.
Refinery companies will also be required to sign implementation agreements with OGRA within 90 days of the policy’s approval.
Officials believe the reforms will strengthen Pakistan’s energy security, enhance domestic refining capacity, and reduce reliance on imported fuels over the coming years.
