Business

As Pakistan announces its daily fuel pricing, the price of petrol has increased by Rs5.44, while diesel has increased by Rs31.50.

Published

3 months ago

July 18, 2026

Bilal

In the current fuel price revision, Pakistan has increased the costs of petrol and high-speed diesel. Petrol prices have been hiked by Rs5.44 per litre while diesel prices have seen a far higher increase of Rs31.50 per litre.

The steep jump comes against the backdrop of surging worldwide energy prices with the administration also planning a substantial revamp of the country’s petroleum pricing regime.

The new fuel prices are effective immediately and are in response to increasing pressure from global oil markets where energy prices have increased in recent weeks as regional tensions have built up.

OGRA to release fuel prices on daily basis under new cabinet decision

The decision comes as the federal cabinet authorised a new system under which the Oil and Gas Regulatory Authority (OGRA) would determine petroleum prices on a daily basis instead of the existing periodic pricing method.

Federal Minister for Petroleum Ali Pervaiz Malik announced the decision during a joint press conference with Federal Minister for Information Atta Tarar. Malik said the Prime Minister Shehbaz Sharif and the federal cabinet have decided that OGRA will now determine the prices of petroleum products on a daily basis as per the developments in foreign markets.

Under the new approach, the regulator would determine revised fuel prices on a daily basis and publish them on its official website, enabling domestic prices to more closely reflect changes in world oil markets.

The minister for petroleum indicated that the government had deliberately reduced its participation in establishing fuel prices and that OGRA had assumed increasing responsibility for pricing in line with existing international market circumstances.

“We are once again witnessing rising tensions in the region that are putting a lot of upward pressure on international energy markets,” he said.

But Malik said international prices of diesel had soared from $110 a barrel to $140 a barrel, demonstrating the extent of the growth and the steep increase in global energy costs.

He also thanked the public for their patience during the current economic troubles stating residents have proved to be resilient during a tough time.

OGRA will keep an eye on international market movements, calculate petroleum product prices on a daily basis and inform the public of the revised rates on its website, in one of the biggest changes to Pakistan’s fuel pricing system in recent years, with the new policy now approved by the cabinet.

Business

Jet fuel price rises by Rs9.05 per litre in Pakistan

Published

2 hours ago

October 4, 2026

Bilal

Jet fuel prices have once again increased in the country, along with the price of kerosene oil.

The price of jet fuel has been increased by Rs9.05 per litre, while kerosene oil has become Rs7.68 per litre more expensive.

Following the increase, the new price of jet fuel has been fixed at Rs355.52 per litre, while kerosene oil will now cost Rs329.54 per litre.

Meanwhile, according to a notification issued by the Petroleum Division, the price of petrol has also been increased by Rs2.10 per litre, taking its new price to Rs392.76 per litre.

Business

Govt sets deadline of 20th Oct for pilgrims to pay 2nd Hajj installment

Published

2 hours ago

October 4, 2026

Bilal

The religious affairs ministry stated late Friday that the federal government has fixed October 20 as the deadline for intending pilgrims selected under the government Hajj system to deposit the second installment of their pilgrimage dues.

ISLAMABAD: Pakistan has set aside 107,526 slots for the government plan, including 30,000 for a shorter package, and another 71,696 slots have been granted to the private scheme for next year’s Hajj.

The country on Aug. 25 completed online booking of all tickets in the government Hajj scheme, the first time the whole quota has been filled through a digital reservation system.

The ministry of religious affairs said in a statement on Friday that the applications of pilgrims for next year’s Hajj will be cancelled if they did not pay by the deadline.

“The dates for depositing the second installment of dues for Hajj pilgrims under the government scheme have been fixed from 5 October to 20 October, 2026,” the ministry said.

“If the second installment is not deposited within the deadline, then the Ministry said the pilgrim’s application will be cancelled and the amount deposited earlier will be refunded to the pilgrim’s account,” the Ministry said.

Under the government arrangement, pilgrims can pay the second payment of Hajj dues through the ‘Pak Hajj App’ or digital Hajj site within the stipulated deadline.

The government said that submitting the Hajj medical fitness certificate on the ‘Pak Hajj’ app or the digital Hajj portal was essential before depositing the second installment.

This year the government announced that pilgrims will pay Rs1.2 million ($4,334) for a 40-day Hajj package and Rs1.3 million ($4,695) for a shorter, 20- to 25-day package under the government system.

The first installment of dues for seats under the shorter government package was paid within 24 hours of the process starting on Aug 18 and the rest of the seats under the plan were booked by Aug 25.

Business

Petrol price goes up by Rs2.10, diesel by 30 paisa a liter:

Published

1 day ago

October 3, 2026

Bilal

– Petrol and diesel prices have been increased once again under the latest fuel-price revision.

The revised prices will take effect from October 3, 2026.

According to a notification issued by the Petroleum Division, the price of petrol has been increased by Rs2.10 per litre. Following the latest increase, petrol will now cost Rs392.76 per litre.

The price of high-speed diesel has also been raised by 30 paisa per litre, taking its new rate to Rs399.64 per litre.

The Petroleum Division said the announced rates are linked to movements in international petrol and diesel prices.

According to the notification, changes in the global market, Platts rates, premiums and other associated costs were taken into account when determining the revised prices.