The Government of Pakistan has decided to keep petrol and high-speed diesel prices unchanged from March 14, 2026, while approving a subsidy to cover the price difference for oil marketing companies.
According to an official notification issued by the Ministry of Energy (Petroleum Division), the decision was made following recommendations from the Oil and Gas Regulatory Authority (OGRA).
Under the approved mechanism, the government will pay a price differential of Rs. 75.05 per litre on High-Speed Diesel (HSD) and Rs. 49.63 per litre on Motor Spirit (petrol) to oil marketing companies to maintain current fuel prices for consumers.
Officials said the estimated Price Differential Claims (PDC) for the period March 14 to March 20, 2026 are expected to reach around Rs. 23 billion, which will be paid through OGRA.
To finance the subsidy, the government has also approved the creation of a Prime Minister’s Austerity Fund, with Rs. 27.1 billion allocated for the initiative. Out of this amount, Rs. 23 billion will be transferred to OGRA to cover the fuel price differential payments.
Authorities added that OGRA will develop a verification and audit mechanism to review invoices submitted by oil marketing companies before processing the subsidy payments.
The directive instructs OGRA to take necessary steps for implementing the decision and inform all relevant stakeholders.
