Pakistan’s Federal Government continues daily price adjustments for petroleum products as of August 23, 2026. The Oil and Gas Regulatory Authority (OGRA) has maintained its strategy of revising ex-depot prices for Motor Spirit (MS) and High Speed Diesel (HSD) every 24 hours since July 17, 2026, except for holidays and weekend.
The latest price revision shows a upward adjustment from the previous period, reflecting continued global energy market volatility. The daily pricing mechanism remains in effect to shield the domestic economy from extreme international crude oil fluctuations.
| Product | Previous Price (22/08/2026) |
Price for today (23/08/2026) |
Difference |
|---|---|---|---|
| Motor Spirit (MS) | Rs. 341.59 | Rs. 341.59 | 0 |
| High Speed Diesel (HSD) | Rs. 368.29 | Rs. 368.29 | 0 |
These daily adjustments are for 22-24 August, i.e., they will remain unchanged for holidays and the weekend.
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, OGRA must now navigate the crisis with daily adjustments in petrol and diesel prices at the pump.
