The Oil and Gas Regulatory Authority has announced a fresh upward adjustment in the prices of petrol and High Speed Diesel across Pakistan following its latest daily price review mechanism. According to the revised rates released by the regulatory body, petrol has increased by 3.66 rupees per litre, rising from 331.52 rupees to 335.18 rupees per litre. Simultaneously, High Speed Diesel recorded an increase of 4.80 rupees per litre, pushing its retail rate from 378.66 rupees to 383.46 rupees per litre. Official statements issued by the Petroleum Division confirmed that ex-depot prices were recalculated in accordance with the newly implemented daily pricing guidelines designed to reflect real-time global market trends.
The domestic price increase directly tracks sharp price rallies across international energy benchmark markets, specifically the Arab Gulf Platts seven-day average. Over the preceding week, international average petrol prices climbed to 105.75 dollars per barrel, while High Speed Diesel benchmark rates surged to 144 dollars per barrel against an exchange rate averaging around 278 Pakistani rupees to the US dollar. Despite the price hike, key government levies remained untouched during this review cycle. The petroleum levy was held at 80 rupees per litre on petrol and 70.82 rupees per litre on HSD, while the Climate Support Levy remained set at 5 rupees per litre. Custom duties were maintained at 17.28 rupees per litre for petrol and 15.68 rupees per litre for HSD, with premium and freight costs held at 10.98 dollars and 5.10 dollars per barrel, respectively.
This latest adjustment contributes to a steep upward trajectory in domestic fuel costs throughout July. Between June 30 and July 25, petrol prices escalated by a total of 35.68 rupees per litre, climbing from an initial baseline of 299.50 rupees per litre. High Speed Diesel experienced an even more dramatic shift, jumping by 71.99 rupees per litre over the same duration, moving from 311.47 rupees to 383.46 rupees per litre. The pace of these adjustments accelerated following the formal transition on July 21 from a fortnightly pricing model to a daily review formula aimed at keeping domestic rates tightly aligned with international oil prices and exchange rate fluctuations. Since that daily system took effect, petrol prices alone surged by 19.38 rupees per litre, while HSD jumped by 29.11 rupees per litre in just four days.
The sharp escalation in fuel costs has triggered immediate pushback from primary commercial transportation channels, with the All Pakistan Petrol Tankers Association announcing plans to initiate strike action until their operational demands are met. Because High Speed Diesel acts as the foundational fuel source for heavy freight, public transport, and agricultural machinery, commercial users and market analysts warn that these rapid price revisions will cascade directly into broader supply chain costs, driving up goods transport tariffs and adding inflationary pressures across the national economy. With daily fuel price adjustments now fully active, businesses and individual consumers are closely tracking international crude trends and currency movements to gauge future domestic price directions.
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