ISLAMABAD, September 4, 2026: The Oil and Gas Regulatory Authority (OGRA) has announced revised petroleum prices in Pakistan, reducing the price of petrol while increasing the cost of diesel.
Under the latest notification, petrol price in Pakistan has been cut by Rs3.13 per litre, bringing the new rate to Rs345.87 per litre.
In contrast, diesel has become more expensive, with its price increasing by Rs3.74 per litre. The new diesel price has been fixed at Rs378.05 per litre.
The revised rates have been officially notified by OGRA and will apply under the latest petroleum pricing decision.
The latest petrol price in Pakistan reduction provides some relief to consumers, with the petrol rate falling by Rs3.13 per litre.
The new petrol price of Rs345.87 per litre comes amid continued pressure on household and business budgets, as fuel prices directly affect transportation costs and the prices of goods and services.
Meanwhile, the increase in diesel prices is expected to keep pressure on sectors that rely heavily on diesel-powered transport and machinery.
Diesel plays a major role in road transportation, agriculture and several industrial activities, meaning changes in its price can have a wider impact on operating costs.
Petrol Price in Pakistan Changes as Government Reviews Energy Sector
The latest petrol price in Pakistan adjustment comes as Petroleum Minister Ali Pervaiz Malik continues consultations with major stakeholders on reforms and investment in the country’s petroleum sector.
During his visit to Karachi, the minister held separate meetings with the leadership of the Overseas Investors Chamber of Commerce and Industry (OICCI) and the management of Pakistan State Oil (PSO).
Discussions focused on Pakistan’s energy security, investment opportunities, petroleum-sector reforms and developments across the industry.
At OICCI, Malik met senior chamber officials, industry stakeholders and representatives of foreign investors. The discussions also covered efforts to strengthen exploration, modernize refining infrastructure and improve the overall petroleum sector.
The minister highlighted initiatives related to bonded storage and strategic petroleum reserves, describing them as part of the government’s broader efforts to strengthen energy security.
While discussing the petrol price in Pakistan, the petroleum minister also emphasized the government’s objective of creating a more competitive and investment-friendly petroleum industry.
Ali Pervaiz Malik said reforms were being pursued across exploration, refining and downstream markets, while the government was engaging with industry stakeholders to identify practical challenges.
He said the government wanted to build a petroleum sector capable of meeting Pakistan’s long-term energy requirements while attracting significant domestic and foreign investment.
OICCI representatives, meanwhile, stressed the importance of consistent government policies, a predictable tax framework, transparency and adequate security for improving investor confidence.
OICCI President Yousaf Hussain said the petroleum sector remained important to Pakistan’s economic activity and investment environment. He welcomed continued engagement between the government and business community to address industry concerns and support reform initiatives.
With petrol prices reduced but diesel prices increased, consumers and businesses will now adjust to the latest OGRA rates while the government continues its broader efforts to reform Pakistan’s petroleum and energy sector.
