Govt cuts petrol price by Rs1/Litre, raises diesel by Rs3.37 under daily pricing

ISLAMABAD: The federal government has reduced the price of petrol by Rs1 per litre while increasing the ex-depot price of High-Speed Diesel (HSD) by Rs3.37 per litre for July 28, 2026, under the revised daily petroleum pricing mechanism.

According to Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the prices in line with the government's new petroleum pricing framework.

Under the latest revision, the ex-depot price of Motor Spirit (petrol) has been reduced from Rs335.18 per litre to Rs334.18 per litre, providing marginal relief to motorists. In contrast, the ex-depot price of High-Speed Diesel (HSD) has been increased from Rs383.46 per litre to Rs386.83 per litre.

The revised prices will be applicable on July 28, 2026.

Under the revised framework, OGRA determines and announces fuel prices on a daily basis in accordance with fluctuations in international oil prices and exchange rate movements.

While the slight reduction in petrol prices is expected to offer limited relief to private vehicle owners and motorcycle users, the increase in diesel prices is likely to have a broader economic impact. High-Speed Diesel is widely consumed by heavy transport vehicles, public transport, agricultural machinery, tube wells, and freight services, making it a key input for transportation and farming sectors.