ISLAMABAD: Pakistan on Tuesday raised the price of petrol by Rs5.58 per litre and high-speed diesel (HSD) by Rs4.18 per litre, with the new rates taking effect from Wednesday.
Under the revised rates, petrol will now be sold at Rs364.35 per litre, while diesel will cost Rs385.95 per litre.
According to the Petroleum Division’s notification, the new prices will be applicable on September 9 (Wednesday).
In the previous review on Monday, the government had increased the petrol price by Rs12.90 per litre and the diesel price by Rs3.72 per litre.
The price of high-speed diesel has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.
Pakistan’s daily fuel price mechanism
On July 17, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.
fuel prices updated pic.twitter.com/3mQA30uWBd
— PakWheels.com (@PakWheels) September 8, 2026
The government had earlier replaced the fortnightly pricing system with weekly reviews following the outbreak of the Middle East conflict.
Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.
Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants, and large generators.
Oil nears $100 as supply risks mount across Gulf
Oil prices moved closer to $100 a barrel on Tuesday as renewed attacks on Saudi energy infrastructure added to already severe disruptions to crude shipments through the Strait of Hormuz.
The latest attacks raised concerns that the Middle East conflict could keep global supplies constrained for longer.
ALSO READ: Oil Nears $100 as Supply Risks Mount Across Gulf
Brent crude rose above $98 a barrel, its highest level in several weeks, after attacks on energy facilities in southern Saudi Arabia.
US West Texas Intermediate also advanced sharply. Oil registered gains after its prices had already rallied on Monday, as Iran threatened further attacks on energy infrastructure across the region.
The latest attacks have introduced another layer of supply risk.
