Petrol, diesel prices in Pakistan for July 23, 2026

The government raised the prices of petrol and high-speed diesel (HSD) by Rs6.39 and Rs7.83 per liter, respectively.

Following the increase, the price of petrol has been set at Rs327.12 per litre, while HSD will now cost Rs375.04 per liter.

According to a notification issued by the Petroleum Division, the revised fuel prices will take effect from Thursday, July 23.

Last week, the federal government officially approved the Daily Petroleum Price Mechanism. Under this new deregulation framework, the Oil and Gas Regulatory Authority (OGRA) computes and publishes ex-depot fuel rates every working day without needing prior approval from the federal government or the Prime Minister.

According to Petroleum Minister Ali Pervaiz Malik, the calculation continues to rely on a seven-day rolling average of international oil prices. Only the frequency of the updates has changed from weekly to daily.

Daily petroleum pricing mechanism: How OGRA will set petrol and diesel rates

The government’s new daily petroleum pricing mechanism has been unveiled, linking petrol and diesel rates with global oil market fluctuations and allowing OGRA to revise ex-depot prices on a daily basis without prior government approval. According to the document, the Oil and Gas Regulatory Authority (OGRA) will issue new ex-depot prices every day on its official website. Key Details Petrol and diesel prices will be linked to the seven-day average international market rates. There will be no changes in petroleum product prices on Saturdays and Sundays. OGRA will not require prior government approval for the daily determination of prices. Petrol prices […]

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