Under the updated rates effective for July 25, petrol was increased by Rs3.66 per litre, taking the price from Rs331.52 to Rs335.18, while high-speed diesel (HSD) rose by Rs4.80 per litre, increasing from Rs378.66 to Rs383.46.
The federal cabinet approved the new framework under which Ogra will publish updated ex-depot fuel prices on its website every day. The system is designed to improve transparency and allow consumers to benefit more quickly from changes in international oil prices.
According to Petroleum Minister Ali Pervaiz Malik, prices are now calculated on the basis of a rolling seven-day average of international petroleum prices, bringing Pakistan’s pricing mechanism closer to prevailing global practices.
The shift to daily price reviews was introduced after renewed volatility in international oil markets following the escalation of tensions in the Middle East and disruptions to energy shipments through the Strait of Hormuz.
An official document seen by Geo News stated that Ogra can notify daily prices without 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 said that the petroleum levy cannot exceed the limit approved by the cabinet, and any change in the levy rate would require approval from the Finance Division.
Under revised import arrangements for fiscal year 2026-27, imports of high-speed diesel will be handled exclusively by Pakistan State Oil (PSO), while oil marketing companies will be allowed to import petrol according to their market share. Companies failing to meet import or upliftment obligations could face a ban on fresh import permissions for up to nine months.
Ogra has also been directed to determine the prices of kerosene oil and light diesel oil on a daily basis as part of the immediate implementation of the new pricing system.
