ISLAMABAD (special crosspondent) – The federal government has officially announced a significant hike in the prices of essential petroleum products, implementing a revised pricing schedule that is set to remain effective for a duration of only three days. The decision follows the government’s ongoing OGRA to Implement Daily Petroleum Pricing Mechanism for Consumer Transparency initiatives, aimed at aligning domestic costs with global market fluctuations.

Revised Fuel Price Breakdown

According to an official notification issued by the Ministry of Energy (Petroleum Division), these updated rates will be applicable from July 18 to July 20, 2026. Under the new directive, the price of Motor Spirit (Petrol) has seen an upward adjustment of Rs5.44 per litre. Consequently, the new ex-depot price for petrol now stands at Rs316.15 per litre, marking an increase from the previous rate of Rs310.71 per litre.

Significant Increase in High-Speed Diesel

The impact is more pronounced for High-Speed Diesel (HSD), which has experienced a substantial hike of Rs31.05 per litre. This adjustment brings the retail cost of diesel to Rs354.35 per litre, up significantly from the former price of Rs323.30 per litre. The Ministry of Energy confirmed that these revised prices are effective as of July 18 and will remain the standard rate until July 20, 2026. Government officials stated that this price revision is necessary to reflect the prevailing volatility in international oil markets and other critical economic factors influencing the fuel supply chain.