The Government of Pakistan has officially announced the latest petroleum prices for the week beginning 04 July 2026. According to the latest notification issued by the Ministry of Energy (Petroleum Division) on the recommendation of OGRA, the prices of Petrol and High Speed Diesel (HSD) have been reduced by Rs. 1.97 per litre.
With the latest revision, Petrol now costs Rs. 297.53 per litre, while High Speed Diesel (HSD) is available at Rs. 309.50 per litre across Pakistan. The revised fuel prices came into effect immediately after the official notification.
Latest Petrol Price in Pakistan Today
| Fuel Type | Previous Price | New Price | Difference |
|---|---|---|---|
| Petrol | Rs. 299.50 | Rs. 297.53 | ▼ Rs. 1.97 |
| High Speed Diesel | Rs. 311.47 | Rs. 309.50 | ▼ Rs. 1.97 |
| Light Diesel Oil | Rs. 199.98 | Rs. 192.43 | ▼ Rs. 7.55 |
| Kerosene Oil | Rs. 227.05 | Rs. 231.14 | ▲ Rs. 4.09 |
Effective Date: 04 July 2026
Government Announces New Petroleum Prices
The latest petroleum prices have been approved by the Federal Government following recommendations submitted by the Oil and Gas Regulatory Authority (OGRA).
These revised rates will remain applicable until the next scheduled petroleum price review unless another notification is issued earlier.
The government regularly adjusts fuel prices by considering several economic factors, including:
- International crude oil prices
- Import premiums
- Exchange rate fluctuations
- Petroleum Development Levy (PDL)
- Inland Freight Equalization Margin (IFEM)
- General Sales Tax (GST)
- Refinery and distribution costs
Why Did Petrol Prices Decrease?
The latest reduction in fuel prices is mainly linked to relatively stable international oil prices and improved market conditions during the government’s review period.
Although the decrease of Rs. 1.97 per litre may appear modest, it provides some financial relief for millions of Pakistanis who rely on petrol daily for transportation and business operations.
Lower fuel prices can also help reduce operating expenses for transport companies, delivery services, ride-hailing drivers, and small businesses.
Impact of the New Fuel Prices
Petrol is primarily used by:
- Motorcycle riders
- Private car owners
- Ride-hailing services
- Small businesses
- Commercial vehicles
High Speed Diesel is mainly consumed by:
- Trucks
- Public transport
- Agricultural machinery
- Heavy construction equipment
- Industrial transport fleets
Even a small reduction in fuel prices can eventually lower transportation costs, which may help stabilize prices of essential goods over time.
Energy Experts’ Opinion
Energy analysts believe the latest reduction offers short-term relief to consumers, but they also point out that domestic fuel prices continue to depend heavily on global crude oil markets.
Experts say several variables influence petroleum prices in Pakistan, including:
- International oil benchmarks
- US Dollar to Pakistani Rupee exchange rate
- Government taxes and petroleum levy
- Shipping and import costs
- OGRA pricing mechanism
If international crude prices continue to decline over the coming weeks, consumers may see additional reductions in future fuel price revisions.
Who Decides Petrol Prices in Pakistan?
Fuel prices in Pakistan are determined through a structured pricing mechanism.
The process involves:
- OGRA evaluates international market trends.
- Recommendations are submitted to the Petroleum Division.
- The Federal Government approves the final prices.
- Updated petroleum prices become effective nationwide after the official notification.
This pricing system ensures that domestic fuel prices remain aligned with global market conditions.
Expected Next Petrol Price Update
The next petroleum price revision is expected on 10 July 2026.
The upcoming prices will largely depend on:
- International crude oil prices
- Exchange rate movement
- Import costs
- Government tax policy
- Global fuel demand and supply
Motorists are advised to follow official announcements for the latest updates.
Petrol Price History in Pakistan (2026)
| Date | Petrol Price |
|---|---|
| 04 July 2026 | Rs. 297.53 |
| 27 June 2026 | Rs. 299.50 |
| 20 June 2026 | Rs. 299.78 |
| 13 June 2026 | Rs. 373.78 |
| 06 June 2026 | Rs. 377.78 |
| 30 May 2026 | Rs. 381.78 |
| 23 May 2026 | Rs. 403.78 |
| 16 May 2026 | Rs. 409.78 |
| 09 May 2026 | Rs. 414.78 |
| 01 May 2026 | Rs. 399.86 |
| 25 April 2026 | Rs. 393.33 |
| 18 April 2026 | Rs. 366.58 |
| 11 April 2026 | Rs. 366.58 |
| 04 April 2026 | Rs. 378.41 |
| 03 April 2026 | Rs. 458.41 |
| 28 March 2026 | Rs. 321.17 |
| 21 March 2026 | Rs. 321.17 |
| 14 March 2026 | Rs. 321.17 |
| 07 March 2026 | Rs. 321.17 |
| 01 March 2026 | Rs. 266.17 |
| 16 February 2026 | Rs. 258.17 |
| 01 February 2026 | Rs. 253.17 |
| 16 January 2026 | Rs. 253.17 |
| 01 January 2026 | Rs. 253.17 |
The historical data highlights how petroleum prices in Pakistan fluctuate throughout the year due to changes in global oil markets and domestic economic policies.
Frequently Asked Questions
What is the petrol price in Pakistan today?
As of 04 July 2026, the official petrol price in Pakistan is Rs. 297.53 per litre.
What is the latest diesel price?
High Speed Diesel (HSD) is currently priced at Rs. 309.50 per litre.
Who announces petrol prices in Pakistan?
Petroleum prices are announced by the Government of Pakistan after reviewing recommendations submitted by OGRA.
How often are fuel prices revised?
Petroleum prices are generally revised every fortnight. However, the government may change the review schedule depending on market conditions.
Why do petrol prices change?
Fuel prices are influenced by international crude oil prices, exchange rates, taxes, import costs, freight charges, and government policy.
Our Update Policy
We update this page immediately after every official petroleum price notification issued by the Government of Pakistan. All prices, historical records, and fuel rate changes are verified using official announcements from the Ministry of Energy (Petroleum Division) and OGRA to ensure readers receive accurate and up to date information.
