The federal government has kept the prices of petrol and high-speed diesel (HSD) unchanged under the newly introduced daily petroleum pricing mechanism, with the revised rates set to remain effective for August 11.
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According to a notification issued by the Petroleum Division, petrol will continue to be sold at Rs327.62 per litre, while the price of high-speed diesel will remain unchanged at Rs380.86 per litre.
The government continues to charge Rs114 per litre in taxes and duties on petrol and Rs100 per litre on HSD.
New petroleum prices
| Effective date | Products | Old rates | New rates | Changes in prices Rs/litre |
| August 11 | Petrol | 327.62 | 327.62 | – |
| August 11 | High-speed diesel | 380.86 | 380.86 | – |
The price of kerosene has been reduced by Rs1.50 per litre, bringing it down to Rs289.95 per litre, according to the relevant OGRA notification.
Last week, the federal government has announced a reduction in the prices of petrol and high-speed diesel (HSD), with the revised rates taking effect for August 7.
Under the latest revision, the ex-depot price of petrol has been reduced by Rs3.19 per litre, bringing the rate down from Rs333.01 to Rs329.82 per litre.
Daily fuel price mechanism introduced
The latest decision comes as the government moves towards a daily fuel price review system, replacing the previous fortnightly mechanism and the weekly review system introduced earlier amid volatility in international oil markets.
Under the new framework, the Oil and Gas Regulatory Authority (OGRA) will determine daily ex-depot prices for petrol and HSD based on the seven-day average of international petroleum prices.
Petroleum Minister Ali Pervaiz Malik said the use of a seven-day average is consistent with international practice and would allow changes in global oil prices to be reflected more quickly in domestic fuel prices.
OGRA has also started publishing daily petroleum prices on its website as part of efforts to improve transparency.
Ogra authorised to announce daily prices
An official document outlining the new petroleum pricing mechanism states that OGRA will be authorised to announce daily fuel prices without requiring prior approval from the prime minister or the federal government.
However, prices notified on Fridays will remain unchanged during Saturday and Sunday.
The framework also provides that OGRA will publish daily Platts reference prices, while the petroleum levy cannot exceed the limit approved by the federal cabinet. Any change in the petroleum levy will require approval from the Finance Division.
Why Pakistan shifted to daily fuel pricing
The move comes amid continued volatility in global oil markets following renewed tensions in the Middle East.
The government had initially introduced a weekly fuel price review mechanism after the conflict in the region began on February 28, when Israel and the United States attacked Iran. The subsequent closure of the Strait of Hormuz raised concerns over global energy supplies, as the waterway is a key route for international oil shipments.
With tensions increasing after the collapse of a fragile June truce between Tehran and Washington, concerns over disruptions to global energy flows have continued to influence international oil prices.
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Under the previous system, petroleum prices were generally revised every two weeks.
Changes to fuel imports
The newly approved framework also introduces changes to petroleum import arrangements for the 2026-27 fiscal year.
Under the revised mechanism, imports of high-speed diesel will be routed exclusively through Pakistan State Oil (PSO), while oil marketing companies will be permitted to import petrol according to their respective market shares.
The new daily pricing mechanism is intended to make domestic fuel prices more responsive to international market movements while improving transparency in the pricing process.
