Petrol Prices in Pakistan
Applicable rates for today (Monday, June 22, 2026)
Recent Price Changes (History)
| Effective Date | Petrol (MS) | Diesel (HSD) | Status |
|---|---|---|---|
| Current Fortnight | ₨ 299.50 | ₨ 311.47 | Active |
| Previous Fortnight | ₨ 290.02 | ₨ 279.86 | Expired |
| Last Month | ₨ 285.50 | ₨ 275.00 | Expired |
How Are Fuel Prices Determined in Pakistan?
The prices of petroleum products in Pakistan are revised every 15 days (a fortnight) by the Ministry of Finance, based on the recommendations of the Oil and Gas Regulatory Authority (OGRA). The pricing mechanism depends heavily on the global oil market and the local currency exchange rate.
Key Components of the Petrol Price:
- Ex-Refinery Price: The base cost of importing crude oil and refining it locally or importing refined fuel.
- Petroleum Development Levy (PDL): A tax imposed by the Federal Government to meet revenue targets. Currently, it is a significant portion of the per-litre price.
- Inland Freight Equalization Margin (IFEM): The transportation cost added to ensure fuel is sold at a uniform price across the entire country.
- Dealer & Distributor Margins: The fixed commission given to petrol pump owners and oil marketing companies (OMCs) like PSO, Shell, and Total.
Frequently Asked Questions
How often are petrol prices updated in Pakistan?
Petrol and diesel prices in Pakistan are typically revised every 15 days (a fortnight). The Ministry of Finance announces the new rates usually on the 15th and the last day of each month, based on OGRA's recommendations.
What is IFEM in Pakistan's fuel pricing?
IFEM stands for Inland Freight Equalization Margin. It is a transportation cost mechanism added to the base price of fuel to ensure that petrol and diesel are sold at a uniform price across all cities in Pakistan, regardless of the distance from the refinery or port.
What factors cause petrol prices to rise in Pakistan?
Fuel prices in Pakistan rise primarily due to an increase in international Brent crude oil prices, depreciation of the Pakistani Rupee (PKR) against the US Dollar (USD), and increases in government taxes such as the Petroleum Development Levy (PDL).