Pakistan’s high-speed diesel (HSD) imports fell to zero in July 2026, marking their lowest level in three years as domestic production was sufficient to meet local demand.
According to research by Topline Securities, based on data from the Oil Companies Advisory Committee (OCAC), July was the first month since July 2023 in which Pakistan recorded no HSD imports.
The latest development highlights a significant decline in the country’s reliance on imported diesel. HSD imports had reached approximately 288,000 tons in November 2025 before falling sharply in the following months.
Meanwhile, industry HSD upliftment stood at around 600,000 tons in July, broadly matching domestic sales levels and indicating that local supplies were able to cover market requirements.
Topline Securities noted that increased availability of locally produced HSD could help reduce Pakistan’s exposure to fluctuations in international oil prices. Lower import requirements could also contribute to foreign exchange savings for the country.
The development comes as Pakistan’s fuel market continues to experience significant price volatility. The government has introduced daily adjustments to petrol and HSD prices based on movements in international oil markets.
HSD prices have witnessed several major changes during August. The price was reduced by Rs. 32.63 per liter on August 20, followed by further increases and reductions. As of August 29, 2026, HSD is priced at Rs. 371.44 per liter.
Diesel remains a key fuel for Pakistan’s economy, particularly for the transportation of goods. Changes in HSD prices can therefore influence freight costs, consumer prices, and inflation across the country.
The decline in diesel imports, coupled with stronger local availability, could provide some relief to Pakistan’s foreign exchange position while reducing the impact of international oil price fluctuations on the domestic fuel market.
