The Federal Government has officially transitioned to a daily petrol and diesel price adjustment strategy. Effective July 17, 2026, the Oil and Gas Regulatory Authority (OGRA) has started revising the ex-depot prices of petroleum products after every 24 hours. The government implemented this drastic measure to shield the local economy from the extreme market volatility.
Approved Petrol and Diesel Prices for Today
The newly revised prices show an upward trend for consumers. OGRA has significantly increased the price of Motor Spirit (MS), commonly known as petrol. Meanwhile, the rate for High Speed Diesel (HSD) has also seen a massive spike.
| Product | Previous Price (22/07/2026) |
Revised Price (23/07/2026) |
Difference (Rs/liter) |
|---|---|---|---|
| High Speed Diesel (HSD) | Rs. 367.21 | Rs. 375.40 | +7.83 |
| Motor Spirit (MS) | Rs. 320.73 | Rs. 327.12 | +6.39 |
These daily adjustments will remain unchanged during weekends (Saturdays and Sundays) and public holidays.
The Global Crisis Driving Daily Pricing
This pricing shift directly results from the largest disruption to the world energy supply since the 1970s. The 2026 US-Israel war on Iran triggered a massive global fuel crisis. In late February, Iran blocked shipping traffic through the Strait of Hormuz. This critical maritime chokepoint previously handled about 25% of the world’s seaborne oil trade. Furthermore, the United States retaliated with an extensive naval blockade on Iranian ports.
A temporary ceasefire briefly restored hope in June. However, the truce completely collapsed on July 8 following renewed strikes on commercial vessels. Iran immediately closed the strait again. The US military subsequently launched consecutive rounds of airstrikes to force it open. These relentless crossfires and blockades continue to strangle global oil shipments. Consequently, Pakistan must now navigate the crisis with daily price adjustments at the pump.
