Pakistan Petrol Price Today
News Desk
Islamabad: Pakistan has moved to a daily fuel pricing system amid heightened volatility in international oil markets, with petrol and high-speed diesel prices rising for August 19.
Under the latest adjustment, petrol has increased by Rs3.34 per litre to Rs334.54, while high-speed diesel (HSD) has risen by Rs5.27 to Rs395.69 per litre. Kerosene oil has also become costlier by Rs4.22, reaching Rs300.85 per litre.
The revised rates will remain effective for August 19 under the government’s newly introduced daily pricing mechanism.
The move marks a significant change from the previous fortnightly and later weekly review system, allowing domestic fuel prices to respond more quickly to changes in international oil markets.
According to the new framework, the Oil and Gas Regulatory Authority (Ogra) will calculate daily ex-depot prices for petrol and HSD using the average international market price recorded over the preceding seven days.
Ogra will have the authority to notify daily prices without seeking separate approval from the prime minister or the federal government. However, prices announced on Fridays will remain unchanged over the weekend.
Petroleum Minister Ali Pervaiz Malik said the seven-day average formula was consistent with international practices and would allow global price movements to be reflected more promptly in domestic fuel rates.
The shift comes against the backdrop of renewed instability in the Middle East, which has increased uncertainty in global oil markets and disrupted energy flows through the Strait of Hormuz, a critical route for international energy supplies.
The government had initially moved from a fortnightly to a weekly pricing mechanism following the outbreak of the latest regional conflict. The new daily system is intended to provide greater flexibility as international crude prices fluctuate.
The framework also requires Ogra to publish daily Platts reference prices. Any change in the petroleum levy, however, will require approval from the Finance Division and cannot exceed the ceiling approved by the federal cabinet.
The government has also revised fuel import arrangements for fiscal year 2026-27. Pakistan State Oil (PSO) will exclusively handle high-speed diesel imports, while oil marketing companies will be permitted to import petrol according to their respective market shares.
Companies that fail to meet required import or fuel-upliftment obligations could face restrictions on obtaining new import permissions for up to nine months.
Prices for kerosene oil and light diesel oil will also be determined under the daily mechanism, with authorities directed to implement the new system immediately.
