Daily Fuel Price Hikes Push Petrol, Diesel to Record Highs
Petrol reaches Rs327.12 per litre and diesel climbs to Rs375.04 as the government continues daily price revisions amid global oil market volatility.
ISLAMABAD: The federal government has once again increased the prices of petroleum products under the revised daily pricing mechanism, raising petrol by Rs6.39 per litre and high-speed diesel (HSD) by Rs7.83 per litre for July 23, 2026.
Revised Fuel Prices for July 23
According to a notification issued by the Petroleum Division based on revised prices determined by the Oil and Gas Regulatory Authority (OGRA):
- The price of petrol has increased from Rs320.73 to Rs327.12 per litre.
- The price of high-speed diesel (HSD) has increased from Rs367.21 to Rs375.04 per litre.
The revised prices are applicable for one day.
Series of Daily Price Revisions
The latest increase follows consecutive daily revisions introduced by the government due to fluctuations in international oil prices.
- On July 22, petrol and diesel prices were increased by Rs4.93 and Rs7.15 per litre, respectively.
- A day earlier, diesel was increased by Rs5.71 per litre, while petrol received a marginal reduction of 35 paisas.
- Earlier, on July 17, the government raised petrol by Rs5.44 per litre and diesel by Rs31.05 per litre for a three-day period.
As a result, within the last six days, the cumulative increase has reached:
- Rs16.76 per litre for petrol.
- Rs52.19 per litre for diesel.
Impact on Consumers
Petrol is primarily used by private vehicles, motorcycles and rickshaws, while high-speed diesel is the main fuel for buses, trucks and commercial transport.
The continued increase in diesel prices is expected to raise transportation costs, potentially adding further pressure on inflation and the prices of essential goods.
Daily Pricing Mechanism
The federal government shifted to a daily fuel price review mechanism to align domestic petroleum prices more closely with changes in the international oil market.
However, the frequent revisions have sparked concern among consumers and transporters, who say the rapid increases are making it increasingly difficult to manage household and business expenses.
