ISLAMABAD: Petrol and diesel prices have gone up once again, with the federal government issuing a fresh notification on Tuesday night revising the rates of petroleum products under the country’s new daily pricing mechanism.
The notification, issued around 11pm on Tuesday, showed that the price of petrol has been raised by Rs4.93 per litre, while high-speed diesel (HSD) has become dearer by Rs7.15 per litre.
With the latest hike, petrol will now be sold at Rs320.73 per litre, and high-speed diesel at Rs367.21 per litre.
The Petroleum Division said the revised prices had been worked out by the Oil and Gas Regulatory Authority (OGRA) under the government’s revised petroleum pricing mechanism.
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Although the notification was issued on Tuesday night, the new rates take effect from Wednesday, July 22, 2026, and will remain in place until the next review under the daily pricing system.
Background
Pakistan recently moved to a daily petroleum pricing mechanism, doing away with the earlier fortnightly system. Under the new arrangement, petrol and diesel rates can change every day, in line with movements in international oil markets and shifts in the exchange rate. The government maintains that the step will make domestic fuel prices more responsive to global market trends.
