ISLAMABAD – The federal government has once again jacked up the prices of petrol by Rs 5.44 per litre and high-speed diesel by Rs 31.05 per litre effective for the next three days (18 to 20 July).
The government has revised the ex-depot prices of the petroleum products for the next week starting from 18 to 20 July, 2026, said a press release issued by the Petroleum Division here Friday.
Following the increase, Petrol will raise to Rs 316.15 per litre from the existing Rs 310.71 per litre, while HSD will go up to Rs 354.35 per litre from the existing Rs 323.30 per litre. The new prices will be effective from today (Saturday) till Monday.
Petrol is mostly used in private transport, small vehicles, three wheelers and two-wheelers, while high-speed diesel is mainly used in the heavy transport sector.
For the last week ended July 17, the federal government had jacked up the prices of petrol Rs 13.18 per liter and high-speed diesel by Rs 13.80 per liter.
Notably, for the week ended on July 10, the federal government had slightly reduced the prices of petrol and high-speed diesel by Rs 1.97 per liter each. End
The government has decided to introduce greater transparency in the petroleum pricing mechanism by authorizing the Oil and Gas Regulatory Authority (OGRA) to determine prices of petroleum products on a daily basis in line with international market trends.
This was stated by Minister for Petroleum Ali Pervaiz Malik while addressing a joint news conference along with Minister for Information and Broadcasting Attaullah Tarar in Islamabad today.
The Minister for Petroleum said the decision has been taken by Prime Minister Shehbaz Sharif and the Federal Cabinet to ensure transparency in the pricing system without exposing the state to any financial risk.
He said OGRA will publish daily petroleum prices on its website based on international market rates. He added that besides the Platts benchmark prices, the regulator will also disclose all components that make up the final retail price at petrol pumps so that the public can clearly understand how petroleum prices are determined. He said the new pricing mechanism will enable the public to understand why price adjustments sometimes become unavoidable.
The Petroleum Minister said international diesel prices have witnessed a sharp increase in recent days, rising from around 110 dollars to 140 dollars according to the Platts benchmark. He said petrol prices have also increased from about 89 dollars to nearly 100 dollars, resulting in another surge in global energy prices.
Highlighting the government’s measures to protect common people from the adverse impact of the rising petroleum prices globally, he said the federal government has spent 130 billion rupees on subsidies for petroleum products, adding that the subsidy programme is still continuing.
Ali Pervaiz Malik rejected the impression that the government has imposed any additional burden on the public through petroleum levies. He said the current petroleum levy and carbon support levy remain below the levels applicable before the conflict, adding that no additional burden beyond Pakistan’s international commitments has been placed on the public.
The Petroleum Minister said the government is reducing its direct role in petroleum price-setting by transferring this responsibility to OGRA, ensuring a transparent system that balances the interests of consumers, the government and the oil industry.
