ISLAMABAD – Petrol and high-speed diesel prices are going up once again, putting more pressure on transport and household expenses.
Petroleum Division of the Ministry of Energy announced the latest adjustment through a notification issued on August 21, 2026. The revised prices will come into force from August 22. Petrol has recorded an increase of Rs3.81 per litre, with its price climbing from Rs337.78 to Rs341.59 per litre.
The increase in high-speed diesel is also significant. The price of HSD has been raised by Rs3.59 per litre, taking it from Rs364.70 to Rs368.29 per litre.
New Petrol and Diesel Prices
The latest hike was made under the government’s revised petroleum pricing mechanism, with the Oil and Gas Regulatory Authority (OGRA) revising ex-depot prices in line with the federal government’s pricing framework.
For motorists, the impact will be immediate, with every litre of petrol now costing more. But the diesel increase could prove even more consequential for the wider economy, as HSD is extensively used by freight carriers, public transport, logistics operators and other diesel-dependent businesses.
Higher fuel costs can translate into increased transportation and delivery expenses, potentially adding further pressure to household budgets and business operating costs.
The fresh increase comes at a time when consumers are already facing higher everyday expenses, raising concerns that another jump in fuel prices could trigger additional cost pressures across transportation, logistics and other sectors.
Earlier this week, the government announced Rs32.63 per litre cut in High Speed Diesel (HSD) while increasing the price of petrol by Rs2.97 per litre, offering major relief to diesel consumers but putting more pressure on bikers.
Petroleum Minister Ali Pervez Malik said Prime Minister Shehbaz Sharif had personally directed him to engage with the refineries and seek relief for consumers.
“We had two or three virtual meetings with the refineries,” Malik said, explaining that the refineries eventually agreed to the government’s request despite acknowledging the difficulties facing the industry.
Diesel gets Rs32.63 Cut, New Price falls to Rs363.06 Per Litre
