Government revises fuel prices following a surge in international oil markets after the collapse of Iran-US truce efforts.
Pakistan has announced a significant increase in petroleum prices, raising the rates of both petrol and high-speed diesel (HSD) by more than Rs13 per litre.
The revised prices will come into effect from July 11, 2026, following a sharp rise in global crude oil prices.
According to an official notification issued by the Petroleum Division, the price of Motor Spirit (MS), commonly known as petrol, has been increased by Rs13.18 per litre.
With the latest revision, petrol will now be available at Rs310.71 per litre, compared to the previous rate of Rs297.53 per litre.
Similarly, the price of High-Speed Diesel (HSD) has been raised by Rs13.80 per litre. Following the increase, diesel will now cost Rs323.30 per litre, up from the earlier price of Rs309.50 per litre.
The government attributed the latest hike to developments in the international energy market. Global oil prices have witnessed a notable upward trend after efforts to maintain a truce between Iran and the United States failed to materialize, increasing concerns over potential supply disruptions in the region.
The uncertainty surrounding geopolitical tensions has pushed crude oil prices higher, forcing many oil-importing countries, including Pakistan, to adjust domestic fuel prices.
The increase is expected to have a broad impact on the economy, as higher fuel costs typically lead to increased transportation and logistics expenses.
Industry experts believe the rise in diesel prices could affect the cost of goods movement across the country, while higher petrol prices may place additional pressure on household budgets and commuters.
The latest adjustment comes after the government had reduced fuel prices in previous reviews. However, renewed volatility in global energy markets has reversed that trend, resulting in a substantial increase for consumers.
Market analysts will continue to monitor international oil developments, as future fuel price revisions in Pakistan are likely to remain closely tied to global crude oil movements and regional geopolitical events.