Starting on July 16, Pakistan’s petrol prices will skyrocket.

Beginning on July 16, the federal government, led by Prime Minister Shehbaz Sharif, is expected to raise the price of petroleum products.

According to industry insiders, high-speed diesel (HSD) prices are predicted to increase by about Rs5.27 per litre, while petrol prices may increase by about Rs6.60 per litre.

If the price changes are made, they will go into effect on July 16 and stay that way for the next 15 days.

On Monday, the Ministry of Energy (Petroleum Division) is anticipated to receive the working paper from the Oil and Gas Regulatory Authority (Ogra) regarding the updated petroleum pricing. Oil marketing companies, who provided Ogra with their pricing information earlier this week, have contributed to the proposal.

(Source: Digital Samaa)

Prime Minister Shehbaz Sharif will be consulted before the Ministry of Finance makes the final announcement. The government is free to decide whether to absorb or pass on price changes to consumers, even though Ogra offers a technical estimate based on worldwide oil trends.

Speaking on condition of anonymity, an energy ministry official stated: “The exchange rate and global market movements are the main drivers of any change in domestic fuel prices. But before allowing price changes, the government also considers its financial situation.

Pakistan’s current prices for petrol and diesel

As of July 1, 2025, high-speed diesel is sold nationwide for Rs272.98 per litre and petrol (Super) for Rs266.79 per litre. Diesel prices may approach Rs278 per litre, while petrol prices would surpass Rs273 per litre with a possible increase of Rs6.60.