The federal government has increased the prices of petrol and high-speed diesel (HSD), with the revised rates coming into effect from August 18, 2026.
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According to a press release issued by the Ministry of Energy (Petroleum Division) on August 17, the price of high-speed diesel has been increased by Rs6.47 per litre, rising from Rs383.95 to Rs390.42 per litre.
Meanwhile, the price of Motor Spirit (petrol) has been raised by Rs5.77 per litre, from Rs325.43 to Rs331.20 per litre.
The revised prices were determined under the federal government’s revised petroleum pricing mechanism, with the Oil and Gas Regulatory Authority (OGRA) revising the ex-depot prices of petroleum products.
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The new prices will remain effective from August 18, 2026, unless revised under the applicable petroleum pricing mechanism.
It is pertinent to mention here that Pakistan collected Rs1.567 trillion in petroleum levy during the fiscal year 2025-26, surpassing the government’s budgeted target of Rs1.468 trillion by approximately Rs99 billion, according to data released by the Ministry of Finance.
The higher petroleum levy collection contributed to the government achieving a stronger-than-targeted primary surplus during the fiscal year.
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According to the Finance Ministry, Pakistan recorded a primary balance surplus of Rs3.634 trillion during FY2025-26, exceeding the target agreed under the International Monetary Fund (IMF) programme.
The ministry attributed the stronger primary balance to lower government expenditure and higher petroleum levy collection.
However, Pakistan still recorded an overall budget deficit of Rs4.763 trillion during the year. The government raised total borrowing of approximately Rs3.313 trillion during FY2025-26.
