Today’s Petrol and Diesel Prices in Pakistan

News Desk

Islamabad: Petrol and diesel prices have reached new highs after the federal government announced another increase in petroleum product rates, extending the upward trend for a fifth consecutive day amid continued instability in global oil markets.

According to a notification issued by the Oil and Gas Regulatory Authority (OGRA), following approval from the federal government, the price of petrol has been raised by Rs3.66 per litre, taking the new rate to Rs335.18 per litre from July 25. High-speed diesel (HSD) has also become Rs4.80 per litre more expensive and will now be sold at Rs383.46 per litre.

The latest adjustment means petrol has become Rs19.38 per litre more expensive over the past five days, while the price of high-speed diesel has increased by Rs29.11 per litre during the same period. Since the introduction of daily fuel pricing, petrol has gone up by Rs24.47 per litre and diesel by Rs60.16 per litre within a week.

The federal government introduced the daily petroleum pricing mechanism on July 17, when Petroleum Minister Ali Pervez Malik announced that OGRA would revise petroleum prices every day based on international market conditions and publish the updated rates on its official website.

Since then, fuel prices have been revised almost daily. On July 17, petrol was increased by Rs5.44 per litre to Rs316.15, while diesel rose by Rs31.05 per litre to Rs354.35. On July 20, petrol prices were reduced by 35 paisas per litre to Rs315.80, offering brief relief to consumers, although diesel increased by Rs5.71 per litre to Rs360.06.

The upward trend resumed on July 21, with petrol climbing Rs4.93 per litre to Rs320.73 and diesel increasing Rs7.15 per litre to Rs367.21. Another sharp hike followed on July 22, when petrol was raised by Rs6.39 per litre to Rs327.12, while diesel increased by Rs7.83 per litre to Rs375.04. On July 23, petrol prices rose by Rs4.40 per litre to Rs331.52, and diesel by Rs3.62 per litre to Rs378.66.

Officials attribute the sustained rise in domestic fuel prices to ongoing volatility in international crude oil markets, driven by heightened geopolitical tensions, including the recent conflict involving the United States and Iran. The government says the higher import cost of petroleum products is being passed on to consumers immediately under the new daily pricing system.