ISLAMABAD – Pakistani government once again jacked up petroleum prices, pushing petrol and diesel rates higher from July 24, 2026, amid the revised petroleum pricing mechanism.
Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products following the government’s updated pricing formula. The price of petrol has been increased by Rs4.40 per litre, rising from Rs327.12 to Rs331.52 per litre.
Meanwhile, the price of High-Speed Diesel (HSD) has gone up by Rs3.62 per litre, increasing from Rs375.04 to Rs378.66 per litre.
The new prices will come into effect from July 24, 2026, according to the official press release issued by the Petroleum Division in Islamabad on July 23.
The latest hike adds further pressure on consumers already facing rising transportation and living costs, as petroleum prices directly impact freight charges, public transport fares, and prices of essential commodities.
The government revises petroleum prices periodically under the prevailing pricing mechanism, with adjustments based on changes in international oil markets, exchange rates, and other relevant factors.
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