Government Raises Petrol Price by PKR 4.45 Despite Global Market Decline; Marginally Cuts High-Speed Diesel

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The Ministry of Energy, alongside the Oil and Gas Regulatory Authority (OGRA), has issued an official notification adjusting domestic petroleum prices for August 6, 2026. Despite a downward trend in international fuel markets, the federal government has increased the retail price of petrol by PKR 4.45 per liter.

Under the updated pricing structure, petrol now stands at PKR 333.01 per liter, up from PKR 328.56 set a day prior. Conversely, High-Speed Diesel (HSD) has received a minor price reduction of PKR 2.00 per liter, bringing its rate down to PKR 383.86 from the previous PKR 385.86 per liter.

Official sources indicate that the decision to raise petrol prices comes alongside an adjustment in fuel levies. The government increased the Petroleum Development Levy (PDL) on diesel by PKR 1.44 per liter, elevating it from PKR 70.86 to PKR 72.26 per liter. This overnight policy reversal follows a brief reduction on August 5, when petrol and diesel prices were initially slashed by PKR 3.39 and PKR 4.07 per liter, respectively.

Key Fuel Price Revisions (Effective August 6, 2026):

  • Petrol (Super): Increased by PKR 4.45/liter; new price set at PKR 333.01/liter (formerly PKR 328.56).
  • High-Speed Diesel (HSD): Decreased by PKR 2.00/liter; new price set at PKR 383.86/liter (formerly PKR 385.86).
  • Petroleum Levy Adjustment: Diesel PDL hiked by PKR 1.44, bringing total levy to PKR 72.26 per liter.
  • Market Dynamics: Price adjustments executed despite falling crude and refined product rates globally.

📊 Fact-Sheet Summary

  • Regulatory Bodies: Ministry of Energy & Oil and Gas Regulatory Authority (OGRA).
  • Effective Date: August 6, 2026.
  • Petrol New Price: PKR 333.01 / liter (+$4.45).
  • Diesel New Price: PKR 383.86 / liter (-$2.00).
  • Diesel PDL Rate: PKR 72.26 / liter (+$1.44).
  • Previous Day Context (Aug 5): Petrol was PKR 328.56; Diesel was PKR 385.86.
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