The new framework, approved by the federal cabinet, authorises Ogra to update fuel prices every day, replacing the previous weekly review system introduced earlier this year.
Under the latest revision, petrol prices have increased by Rs4.93 per litre to Rs320.73, while high-speed diesel (HSD) has risen by Rs7.15 per litre to Rs367.21.
Kerosene oil has also become more expensive, with its price increasing by Rs6.78 per litre to Rs289.37.
According to the new pricing framework, daily fuel rates will be calculated using the rolling seven-day average of international petroleum prices, a system the government says is designed to improve transparency and align Pakistan s pricing mechanism with global practices.
Petroleum Minister Ali Pervaiz Malik had announced the new policy last week, saying consumers would benefit more quickly from fluctuations in global oil prices.
The shift comes amid heightened volatility in international energy markets following renewed hostilities in the Middle East, which have disrupted oil shipments through the Strait of Hormuz and pushed global crude prices higher.
Pakistan had previously moved from a fortnightly pricing mechanism to weekly reviews after the outbreak of the Israel-Iran conflict in February. The government has now adopted daily revisions in response to continued uncertainty in global oil markets.
According to an official document seen by Geo News, Ogra will determine ex-depot prices for petrol and high-speed diesel based on the average international prices recorded over the previous seven days.
The regulator will be empowered to notify daily prices without requiring prior approval from the prime minister or the federal government. However, prices announced on Fridays will remain unchanged on Saturdays and Sundays.
The document also states that Ogra will publish daily Platts reference prices from July 1, 2026.
Under the revised policy, the petroleum levy cannot exceed the limit approved by the federal cabinet, while any changes to the levy will require approval from the Finance Division.
The government has also revised fuel import arrangements for the 2026-27 fiscal year.
Imports of high-speed diesel will be handled exclusively by Pakistan State Oil (PSO), while oil marketing companies will be allowed to import petrol in proportion to their market share.
Companies that fail to meet import obligations or fuel uplift requirements could be barred from receiving fresh import permissions for up to nine months.
The document further states that kerosene oil and light diesel oil prices will also be reviewed daily, with authorities directed to ensure the immediate implementation of the new pricing mechanism.
