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ISLAMABAD: The government has reduced the prices of petrol and high-speed diesel (HSD) by Rs0.84 and Rs2.63 per litre, respectively, with the revised rates taking effect from September 25.
Under the new rates, petrol will cost Rs389.28 per litre, while high-speed diesel will be available at Rs412.12 per litre. OGRA continues to publish petroleum price data as part of the new pricing mechanism.
Revised Fuel Prices
| Product | Previous Price | New Price | Reduction |
|---|---|---|---|
| Petrol | Rs390.12 | Rs389.28 | Rs0.84 |
| High-Speed Diesel | Rs414.75 | Rs412.12 | Rs2.63 |
Daily Fuel Pricing Mechanism
The latest revision comes under the government’s daily petroleum pricing mechanism, introduced amid volatility in international oil markets.
Under the framework, fuel prices are calculated using the average international market prices of the previous seven days. OGRA is authorised to announce daily ex-depot prices without seeking separate approval from the prime minister or federal government for each revision.
OGRA’s website currently publishes daily petroleum and Platts-related pricing information, reflecting the regulator’s expanded role in the new system.
Friday Prices to Remain Unchanged Over Weekend
Under the new mechanism, prices announced on Fridays will remain unchanged on Saturdays and Sundays.
The framework also provides that the petroleum levy cannot exceed the limit approved by the federal cabinet, while any change in the levy requires approval from the Finance Division.
Changes in Fuel Import Arrangements
The government has also revised petroleum import arrangements for fiscal year 2026-27.
Under the new framework, imports of high-speed diesel will be handled exclusively through Pakistan State Oil (PSO), while oil marketing companies can import petrol according to their respective market shares.
Companies that fail to meet specified import or upliftment obligations could face restrictions on obtaining new import permissions.
Kerosene and Light Diesel Prices
The new mechanism also provides for the daily determination of kerosene oil and light diesel oil prices.
The relevant authorities have been directed to implement the revised petroleum pricing system as part of the government’s efforts to link domestic fuel prices more closely with movements in international oil markets.
