Petrol rises to Rs393.75 per litre while HSD falls to Rs422.80 as Pakistan implements its new daily petroleum pricing mechanism.
The federal government has increased the petrol price by Rs4.61 per litre while cutting the price of high-speed diesel (HSD) by Rs1.96 for September 22, 2026, under Pakistan’s new daily petroleum pricing mechanism.
Petrol price rises to Rs393.75 per litre
The government has raised the price of petrol from Rs389.14 to Rs393.75 per litre, marking an increase of Rs4.61.
Meanwhile, the price of HSD has been reduced by Rs1.96 per litre, falling from Rs424.04 to Rs422.80.
The latest adjustment has been attributed to fluctuations in international oil prices.
According to a notification issued by the Petroleum Division, the revised rates will apply only on September 22 under the newly introduced daily petroleum pricing mechanism.
OGRA to publish daily petroleum prices
The Oil and Gas Regulatory Authority (OGRA) has started publishing daily petroleum prices on its website as part of measures aimed at improving transparency and allowing changes in international oil prices to be passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily fuel prices are calculated using a seven-day average of international market prices, in line with prevailing international practices.
Under the new system, domestic fuel prices can therefore change more frequently in response to movements in the international market.
Revised petroleum prices
The latest adjustment has resulted in the following changes:
| Petroleum product | Previous price | New price | Change |
| Petrol | Rs389.14 | Rs393.75 | +Rs4.61 |
| HSD | Rs424.04 | Rs422.80 | -Rs1.96 |
The contrasting movements in petrol and HSD prices reflect changes in international oil prices used to calculate the domestic rates.
Middle East tensions affect global oil markets
The latest price adjustment comes amid continued volatility in global crude markets following renewed hostilities in the Middle East.
The conflict has raised concerns about energy supplies and the potential impact on international oil prices.
The government had initially moved from its fortnightly petroleum pricing system to a weekly review mechanism after the Middle East conflict intensified on February 28, when Israel and the United States attacked Iran.
The resulting tensions led to the closure of the Strait of Hormuz, a strategically important maritime route through which a significant share of global energy supplies traditionally passes.
Tensions subsequently increased after a fragile June truce between Tehran and Washington collapsed, renewing concerns about a wider conflict and possible disruptions to energy flows through the strategic waterway.
How Pakistan’s daily fuel pricing system works
An official document reported by Geo News has outlined the federal cabinet-approved framework for the new daily petroleum pricing mechanism.
Under the system, OGRA will determine and issue daily ex-depot prices for petrol and HSD using the average international market prices recorded during the preceding seven days.
The regulator will be able to announce daily petroleum prices without seeking prior approval from the prime minister or the federal government.
However, prices notified on Fridays will remain unchanged on Saturdays and Sundays.
The framework also requires OGRA to publish daily Platts reference prices, with the new system taking effect from July 1, 2026.
Petroleum levy remains subject to government approval
The framework specifies that the petroleum levy cannot exceed the ceiling approved by the federal cabinet.
Any change in the levy rate will require approval from the Finance Division.
The mechanism is designed to make Pakistan’s fuel-pricing system more responsive to international market movements, allowing domestic petroleum prices to reflect changes in global oil prices more rapidly.
For consumers, the new system means petrol and diesel prices can now respond more frequently to developments in international energy markets.