The Petrol price in Pakistan has been reduced as the Government of Pakistan cuts prices of petroleum products, including petrol and high-speed diesel (HSD). Petrol is now Rs2.20 cheaper per litre, while HSD has dropped by Rs1.50 per litre. After the latest revision, petrol will be available at Rs327.62 per litre, while high-speed diesel will cost Rs380.86 per litre. The revised prices are effective from August 8 to August 10, 2026.
Petrol Price in Pakistan Cut by Rs2.20, diesel by Rs1.50
The government has switched to a new pricing scheme where the government will review the fuel prices daily. In accordance with this, the task of reviewing the trends in the international oil market will lie with the Oil and Gas Regulatory Authority (OGRA) for the purpose of setting the ex-depot prices.
The government started the daily fuel price revision system on July 17, 2026. It introduced the system because international oil prices were changing rapidly. The government said that this would help in managing the impact of such changes on the economy of Pakistan. OGRA will not revise fuel prices on Saturdays, Sundays, or public holidays.
Read more: Govt reduces petrol price by Rs4, diesel price cut by Rs2 per litre
Latest Petrol and Diesel Rates
According to OGRA, the revised fuel prices are as follows:
- Petrol: From Rs329.82 to Rs327.62 per litre
- High-Speed Diesel: From Rs382.36 to Rs380.86 per litre
Fuel Prices Reached Much Higher Levels
There have been significant alterations in the prices of fuel in Pakistan during the past few months. The HSD has gone up to Rs520.35 per liter on April 3rd. Its price was Rs281 per liter when the regional crisis started in early February. The price of petrol has also gone up to Rs458.41 per liter on April 3rd. It had begun increasing from Rs266 per liter in the first week of March. Under the daily system, the government was updating the prices of fuels every week. The government also introduced fuel-saving measures to prepare for possible shortages.
Why Fuel Prices Are Now Reviewed Daily
It is important to note that the shift to daily pricing followed major changes in international oil markets. According to the provided material, the 2026 US-Israel war with Iran caused major disruptions to global oil supplies. These changes also affected oil prices fall after Iran talks.
In particular, as per the report, the country has blocked access for ships through the Strait of Hormuz by the end of February. The crucial maritime passage has been responsible for almost 25% of global oil trade via the seas. Later, the US implemented a naval blockade of Iranian ports.
Read more: Pakistan Starts Daily Petrol and Diesel Price Updates
A temporary truce in June has allowed the situation to be temporarily alleviated. Nevertheless, as per the report, the truce ceased on July 8 due to new incidents with commercial ships. As a result, Iran has once again blocked the Strait of Hormuz, while the US conducted additional air operations in order to restore access to it.
Petroleum Minister Ali Pervaiz Malik earlier announced that the government would set fuel prices daily due to changes in international market prices. The cabinet and prime minister decided to give OGRA responsibility for reviewing fuel prices based on global trends. Previously, the government made weekly price changes from early March. In April, it also announced a targeted relief package to provide subsidised fuel to selected groups. These changes are part of the latest Pakistan petrol and diesel prices system.
Fuel Price Changes Affect Daily Life
Private car owners, motorcycle riders, and rickshaw drivers mainly use petrol, along with other small vehicles. Therefore, fluctuations in petrol prices may lead to changes in travel expenses for many people, especially middle- and lower-middle-class families. Diesel is essential for heavy transport, power stations, and generators. Price fluctuation of diesel, therefore, may influence the transportation industry and other sectors of the economy.
The All Pakistan Dealers Association has opposed the new pricing system and may consider a protest against the policy. Petrol and HSD remain major sources of government fuel revenue, with combined monthly consumption reaching 700,000–800,000 tonnes. The Petrol price increase in Pakistan remains an important concern for consumers and fuel dealers.
Kerosene, on the contrary, has much smaller consumption volumes. Monthly demand of kerosene reaches 10,000 tonnes. With the introduction of the new system, OGRA will continue analyzing the international market situation and adjust the fuel prices depending on the applicable pricing formula. News source eTimes Pakistan.
