Key Takeaways
- Petrol price increased by Rs13.18 per litre.
- Diesel price raised by Rs13.80 per litre.
- New prices effective from July 11, 2026.
The government has announced an increase in the prices of petrol and high-speed diesel (HSD) with immediate effect starting on July 11, 2026. According to a notification issued by the Ministry of Energy (Petroleum Division), the price of Motor Spirit (MS), commonly known as petrol, will rise by Rs13.18 per litre. The new price for petrol is set at Rs310.71 per litre.
Simultaneously, the price of HSD has been increased by Rs13.80 per litre to reach Rs323.30 per litre. This adjustment follows a series of fluctuations in fuel prices over recent months, with diesel peaking at Rs520.35 on April 3 and petrol reaching its highest point at Rs458.41 on the same date.
The increase in fuel prices is part of broader economic measures under International Monetary Fund (IMF) conditions. The government has doubled the climate support levy to Rs5 per litre, effective from July 1, while reducing the petroleum levy accordingly. As a result, the current petroleum levy on diesel stands at approximately Rs80 per litre, and for petrol, it is about Rs70 per litre plus the additional Rs5 climate support levy.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, significantly impacting the middle and lower-middle classes. Similarly, diesel prices affect a broader segment of the population as it is widely used in heavy transport sectors, power plants, and large generators.
The government has also introduced additional levies to manage fuel costs. For instance, high-speed diesel (HSD) now incurs an Rs16 per litre customs duty on top of the existing petroleum levy, bringing the total cost to about Rs101 per litre.
These changes are expected to have a significant impact on daily life for many Pakistanis. The hike in fuel prices is likely to affect transportation costs and utility bills, potentially leading to an increase in overall inflation.
