The Ministry of Energy implemented a daily fuel pricing framework through the Oil and Gas Regulatory Authority. The government raised high speed diesel prices. The regulator reduced petrol prices for 24 hours.
The government of Pakistan implemented a daily petroleum pricing mechanism to link domestic fuel rates with international markets. The Oil and Gas Regulatory Authority now calculates retail fuel price every 24 hours. The Ministry of Energy transfers international price fluctuations directly to consumers under this framework.
Price Breakdown for July 21
The Ministry of Energy published a notification on July 20 to fix ex-depot prices for July 21.
| Product | Old Price (Rs/Liter) | Revised Price (Rs/Liter) | Price Change (Rs) |
| High Speed Diesel | 354.35 | 360.06 | +5.71 |
| Motor Spirit (Petrol) | 316.15 | 315.80 | -0.35 |
High-speed diesel reached Rs 360.06 per liter, while petrol reached Rs 315.80 per liter. These prices remain valid until midnight on July 21.
Pricing System Operations
The Oil and Gas Regulatory Authority computes fuel prices using a seven-day rolling average of Platts Arab Gulf assessments. The regulator publishes revised rates daily on its website. International diesel rates expanded past 140 dollars per barrel on the international exchanges. The pricing system operates without requiring cabinet approval for individual price shifts.
