Petrol price in Pakistan is Rs 316.15 per litre, diesel at …..

Admin.CEO 18 July, 2026News & Updates, Pakistan News

Petrol price in Pakistan is Rs 316.15 per litre, diesel at Rs 350 per litre

Pakistanis are facing yet another wave of inflation as the federal government has announced a fresh hike in petroleum prices, taking petrol and high-speed diesel (HSD) to new highs ahead of the next price hike.

The revised rates, which will come into effect after the current rates expire on July 20 following an official government notification, are expected to significantly increase transportation, logistics and production costs across the country. Under the latest revision, the price of petrol has been increased by Rs 5.44 per liter to Rs 316.15 per litre, while the price of high-speed diesel has seen a steep increase of Rs 31.50 per liter to Rs 354.80 per litre.

A sharp rise in diesel prices is expected to hit the agriculture, freight and public transport sectors the most, as diesel is the primary fuel for heavy vehicles, farm machinery and goods transportation.

The announcement comes as the government is moving to a daily petroleum pricing system, replacing the previous pricing model in response to heightened uncertainty in global oil markets following recent geopolitical tensions, including military exchanges between the US and Iran. The move is aimed at enabling rapid adjustment of domestic fuel prices to international market fluctuations.

However, the policy has raised alarm bells in Pakistan’s oil marketing industry, particularly among smaller oil marketing companies (OMCs), who fear the new pricing system could plunge many of them deeper into financial trouble.

The Oil Marketing Association of Pakistan (OMAP) has warned that emerging and smaller OMCs are already under severe financial pressure due to stagnant marketing margins, delayed government payments and frequent inventory losses due to frequent fuel price adjustments.