The federal government has announced a fresh fuel price increase, raising the prices of both petrol and high-speed diesel (HSD) under the latest revision of petroleum product rates. The revised prices will come into effect from July 29, 2026, following recommendations made by the Oil and Gas Regulatory Authority (OGRA).
According to the Ministry of Energy (Petroleum Division), the adjustment is part of the government’s petroleum pricing mechanism, which reviews fuel prices based on market conditions and other economic factors.
New Fuel Prices in Pakistan
Under the latest notification:
- Petrol price: Increased by Rs1.63 per litre
- Previous Price: Rs334.18
- New Price: Rs335.81 per litre
- High-Speed Diesel (HSD): Increased by Rs1.55 per litre
- Previous Price: Rs386.83
- New Price: Rs388.38 per litre
The revised rates are applicable nationwide from Wednesday, July 29.
Why the Fuel Price Was Revised
The government stated that the latest fuel price revision was made in accordance with the petroleum pricing framework after OGRA reviewed current market conditions. The periodic adjustments are intended to align domestic fuel prices with prevailing international oil market trends and other pricing factors.
Impact on Consumers
The increase is expected to affect millions of Pakistanis, as petrol is primarily used by private vehicles, motorcycles, and small transport operators. Meanwhile, high-speed diesel powers heavy transport vehicles, agricultural machinery, and industrial equipment.
Higher diesel prices may also contribute to increased transportation costs, which can eventually influence the prices of essential goods and services across the country.
Rising fuel prices often influence transportation costs and inflation across Pakistan. For more updates on Pakistan’s economy and breaking business news, visit SuperNews.pk’s Business News.