ISLAMABAD: Pakistan’s oil and gas prices regulatory body on Tuesday increased the prices of petroleum products for July 22, 2026, under the government’s newly introduced daily fuel pricing mechanism, reflecting fluctuations in international oil markets.
According to the revised rates, issued by the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been increased by Rs4.93 per litre to Rs320.73, while high-speed diesel (HSD) has risen by Rs7.15 per litre to Rs367.21. The price of kerosene oil has also gone up by Rs6.78 per litre, reaching Rs289.37.
The government has shifted to a daily fuel price review mechanism amid heightened volatility in global oil markets triggered by renewed tensions in the Middle East. The move is aimed at ensuring that changes in international oil prices are reflected more quickly in domestic fuel rates.
Petroleum Minister Ali Pervaiz Malik said the new pricing system is based on the average international market prices over the previous seven days, bringing Pakistan’s pricing methodology in line with international standards. OGRA updates the revised prices daily on its website to enhance transparency and ensure consumers receive the immediate impact of global price movements.
Also Read: Pakistan to Revise Fuel Prices Daily Amid Global Oil Market Volatility
The government had earlier replaced the fortnightly pricing system with weekly reviews following the outbreak of the Middle East conflict. The latest escalation in regional tensions and concerns over disruptions to energy supplies through the Strait of Hormuz prompted authorities to adopt daily price revisions.
Daily fuel pricing framework
Under the cabinet-approved mechanism, OGRA is authorised to announce daily ex-depot prices for petrol and high-speed diesel without seeking prior approval from the prime minister or the federal government. However, prices announced on Fridays will remain unchanged on Saturdays and Sundays.
The framework also states that fuel prices will be calculated using the average international prices recorded during the previous seven days. While the petroleum levy will remain within the limit approved by the federal cabinet, any change in the levy rate will require clearance from the Finance Division.
Fuel import policy revised
The government has also revised fuel import arrangements for the 2026-27 fiscal year. Under the new policy, Pakistan State Oil (PSO) will remain the sole importer of high-speed diesel, while oil marketing companies will be allowed to import petrol in proportion to their respective market shares.
