The latest increase raises petrol to Rs 327.12 per liter and HSD to Rs 375.04 under the new system.
People on their motorcycles wait their turn to get fuel at a gas station, hours before fuel prices increase in Pakistan, amid the US-Israel conflict with Iran, in Karachi, Pakistan, on April 30, 2026. Photo taken with a mobile phone. REUTERS
The federal government on Wednesday increased the prices of petrol and high speed diesel (HSD) by Rs 6.39 and Rs 7.83 per litre, respectively, for July 23.
According to a notification issued by the Ministry of Petroleum, the price of petrol has been fixed at Rs 327.12 per litre, while HSD will now cost Rs 375.04 per litre.
The latest review came hours after the government and the Pakistan Petrol Pump Owners Association reached an agreement to postpone the association’s planned nationwide lockdown for two weeks following successful negotiations with Petroleum Minister Ali Pervaiz Malik, who assured dealers that their long-pending concerns would be addressed.
Read: National petrol pump strike postponed for two weeks after government assurances
This is the third consecutive day that the government has reviewed petrol and HSD prices after deciding last week to switch to a daily fuel price review mechanism amid volatility in global oil prices following renewed hostilities in the Middle East.
Under the new system, daily fuel prices are based on a seven-day average of international market rates to align with international standards.
