Under the latest revision effective July 24, the price of petrol has been increased by Rs4.40 per litre to Rs331.52 from Rs327.12, while high-speed diesel (HSD) has become Rs3.62 per litre more expensive, rising to Rs378.66 from Rs375.04.
The new pricing framework requires Ogra to publish updated ex-depot fuel prices on its website every day, allowing consumers to benefit more quickly from fluctuations in international oil markets.
Petroleum Minister Ali Pervaiz Malik had announced last week that fuel prices would now be calculated using a rolling seven-day average of international petroleum prices, bringing Pakistan s pricing mechanism in line with global practices.
The government adopted the daily review mechanism amid heightened volatility in global oil markets following renewed hostilities in the Middle East.
Pakistan had shifted from fortnightly to weekly fuel price revisions after the outbreak of the Israel-Iran conflict in February, which intensified following US involvement and disruptions to energy shipments through the Strait of Hormuz.
According to an official document seen by Geo News, Ogra will determine daily 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 authorised to notify daily fuel 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 has been publishing daily Platts reference prices since July 1, 2026. It adds that the petroleum levy cannot exceed the limit approved by the federal cabinet, while any adjustment in the levy will require approval from the Finance Division.
The revised policy also introduces changes to fuel import arrangements for the 2026-27 fiscal year.
Under the new framework, imports of high-speed diesel will be handled exclusively by Pakistan State Oil (PSO), while oil marketing companies will be permitted to import petrol according to their market share.
Companies that fail to meet import obligations or upliftment requirements will not receive fresh import permissions for up to nine months.
The document further states that kerosene oil and light diesel oil prices will also be determined on a daily basis, with authorities directed to ensure the immediate implementation of the new pricing mechanism.
