Latest Fuel Prices in Pakistan Today (July 2026 Update) | Petrol & Diesel Rates

Latest Fuel Prices in Pakistan Today (July 2026 Update)

Following the recent easing of global oil supplies and the stabilization of the international crude market, the Government of Pakistan has announced a welcome reduction in petroleum prices. Effective July 4, 2026, the Ministry of Energy reduced the prices of both petrol and high-speed diesel (HSD) by Rs. 1.97 per litre, providing relief to consumers across the country.

Current Petroleum Rates (As of July 4, 2026)

The table below outlines the revised ex-depot prices for major petroleum products across Pakistan:

Fuel Type	New Price (Rs/Litre)	Price Change
Petrol (Super)	Rs. 297.53	▼ Rs. 1.97
High-Speed Diesel (HSD)	Rs. 309.50	▼ Rs. 1.97

(Note: Prices may vary slightly in far-flung regions like Gilgit-Baltistan and parts of Balochistan due to additional inland freight margins.)

Why Did the Prices Drop?

The continuous decline in local fuel rates is directly tied to positive shifts in the global energy market. Earlier in the year, the geopolitical crisis and the closure of the Strait of Hormuz caused a massive supply shock, pushing petrol prices in Pakistan past the Rs. 400 mark in May.

However, following a recent ceasefire in the Middle East and improved global crude supplies, international Free-on-Board (FOB) costs have dropped significantly.

Adjustments in Government Levies

To maintain price stability leading up to this drop, the government recently restructured its tax components at the start of the new fiscal year on July 1, 2026:

· Climate Support Levy (CSL): Increased by Rs. 2.50 to stand at Rs. 5.00 per litre for both petrol and HSD.

· Petroleum Development Levy (PDL): Simultaneously reduced by Rs. 2.50 to offset the CSL increase. The PDL now stands at Rs. 64.14 per litre for petrol and Rs. 77.04 per litre for diesel.

By balancing these levies, the government managed to pass on the benefits of dropping global crude oil prices directly to the public without heavily compromising its tax revenue targets.

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