Petrol and Diesel Prices Likely to Increase in Pakistan from July 18
ISLAMABAD: Petroleum product prices in Pakistan are expected to rise significantly in the upcoming price review, potentially increasing the financial burden on consumers across the country.
According to reports, the recent surge in global crude oil prices—driven by heightened tensions between Iran and the United States—has begun to impact Pakistan’s fuel market. Under the new pricing mechanism expected to take effect on July 18, the price of High-Speed Diesel (HSD) may increase by up to Rs40 per litre, while petrol could become costlier by as much as Rs10 per litre.
A private television channel reported that the government is considering reducing the petroleum levy in an effort to soften the impact of the anticipated price hike on consumers.
Meanwhile, the Oil Companies Advisory Council (OCAC) has written to Federal Minister for Energy Ali Pervaiz Malik, urging the immediate payment of Rs66.70 billion in price differential claims owed to oil marketing companies. The council warned that failure to take timely action could result in fuel shortages in certain parts of the country.
According to OCAC, Pakistan currently has approximately 370,000 tonnes of petrol in stock, sufficient to meet domestic demand for only around 15 days.
The council’s letter stated that delays in customs clearance are preventing imported petrol from reaching the market. A petrol-laden vessel, MT Bolan, is reportedly anchored at the port, but supply disruptions may occur if customs clearance is not granted promptly.
The letter further noted that delays in approving Pakistan State Oil’s (PSO) petrol cargo during June 2026 have worsened the situation. OCAC said that oil marketing companies are facing severe financial constraints and lack sufficient capital to finance new imports.
The council urged the government to clear outstanding payments immediately to ensure uninterrupted fuel supplies nationwide. It also emphasized that while providing relief to the public is the government’s responsibility, the financial burden of such measures should not be shifted onto oil marketing companies.
