New Fuel Prices Take Effect From July 28
The federal government has reduced the price of petrol while increasing the rate of high-speed diesel.
Petrol has become cheaper by Re1 per litre.
The new petrol price has been fixed at Rs334.18 per litre.
High-speed diesel has increased by Rs3.37 per litre.
Its new price has been set at Rs386.83 per litre.
The revised rates will take effect from midnight and remain applicable from Tuesday, July 28, 2026.
Before the revision, petrol was selling for Rs335.18 per litre.
High-speed diesel was priced at Rs383.46 per litre.
The new notification therefore provides limited relief to petrol consumers while increasing expenses for diesel users.
The decrease in petrol is small compared with the recent increases recorded under the revised pricing system.
Motorists will save only Re1 on every litre purchased.
A person buying 40 litres of petrol will save Rs40 under the new rate.
Diesel Increase Could Raise Transport Costs
The rise in high-speed diesel could create wider economic pressure.
Diesel is widely used by trucks, buses, agricultural machinery, power plants and large generators.
An increase in its price can raise freight and operating costs across several industries.
Businesses may face higher expenses when transporting food, industrial goods and construction materials.
Public transport operators could also experience additional financial pressure.
These costs may eventually affect consumers if transporters and businesses increase their charges.
The diesel increase is more significant than the petrol reduction.
A transporter purchasing 100 litres of diesel will pay Rs337 more under the revised rate.
The price difference could become substantial for commercial vehicles consuming hundreds of litres every week.
Petrol is mainly used in motorcycles, cars and other small vehicles.
Its reduction may offer slight relief to private motorists, but the limited cut is unlikely to produce a major change in household transport budgets.
Daily Pricing Reflects Global Oil Volatility
Pakistan recently moved from fortnightly and weekly fuel revisions to a daily pricing mechanism.
The government introduced the system amid sharp fluctuations in international petroleum markets.
Under the framework, the Oil and Gas Regulatory Authority updates ex-depot petrol and diesel prices using a seven-day average of international market rates.
The regulator can announce daily price changes without seeking separate approval from the prime minister or federal government.
Prices announced on Fridays remain applicable during weekends because international reference prices are not published on Saturdays and Sundays.
The government says the mechanism allows changes in global oil prices to be transferred to consumers more quickly.
However, fuel dealers have raised concerns about the operational impact of daily revisions.
Frequent changes may affect stock management, pump pricing systems and purchasing decisions.
Global energy markets remain uncertain because of geopolitical tensions and disruption risks in major oil-producing regions.
Pakistan depends heavily on imported petroleum products.
Changes in international prices can therefore quickly affect domestic fuel rates, inflation and transportation expenses.
Further adjustments may be announced if global oil prices or exchange rates change.
