ISLAMABAD: Federal government has increased the prices of petrol and diesel, with the new rates taking effect from August 18, according to a notification issued by the Petroleum Division.
The price of petrol has been increased by Rs5.77 per liter, taking the new price to Rs331.20 per liter.
The price of high-speed diesel has been raised by Rs6.47 per liter to Rs390.42 per liter.
The Petroleum Division issued the notification outlining the revised prices for petrol and diesel effective August 18.
More read, Pakistan’s petroleum exports hit record $939 million in FY26
Earlier, Pakistan’s petroleum exports climbed to an all-time high of $939 million in the fiscal year that ended in June 2026, up 3.9% from $903 million a year earlier, according to data compiled by Topline Securities using State Bank of Pakistan figures.
The increase capped a sharp, multiyear turnaround for the sector. Exports had fallen as low as $235 million in fiscal year 2021 before climbing steadily to $415 million in FY22, dipping to $291 million in FY23, then more than doubling over the following three years to $553 million in FY24, $903 million in FY25 and finally $939 million in FY26.
Analysts attributed the FY26 gain to two main factors: weaker domestic demand for furnace oil and a shift by local refiners toward low-sulphur products, including very low-sulphur fuel oil, or VLSFO, which is used as marine bunker fuel. With less furnace oil being consumed at home, refiners have increasingly redirected output toward exportable, cleaner-burning fuels sought by the international shipping industry.
