Today’s Petrol & Diesel Price in Pakistan — Full Details, History & What’s Behind the Cut
Petrol falls to Rs. 328.56/L and diesel to Rs. 385.86/L in today’s notification — the full numbers, a 7-day price history, and the real reason behind this week’s back-to-back cuts.
Effective: Wednesday, 05 August 2026
| Petrol & Diesel Price Type | Petrol & Diesel Price Previous Price | New Petrol & Diesel Price | Change |
|---|---|---|---|
| Petrol (Premium) | Rs. 331.95 | Rs. 328.56 | ▼ Rs. 3.39 |
| High-Speed Diesel | Rs. 389.93 | Rs. 385.86 | ▼ Rs. 4.07 |
| Light Speed Diesel | Rs. 258.84 | Rs. 252.73 | ▼ Rs. 6.11 |
| Kerosene Oil | Rs. 305.22 | Rs. 297.03 | ▼ Rs. 8.19 |
Figures confirmed by both Business Recorder and PakBiz. Rates are notified daily under the current pricing mechanism, so always verify against today’s date before relying on these numbers.
Petrol and diesel are cheaper in Pakistan again today. The Petroleum Division, acting on OGRA’s calculations, cut petrol by Rs. 3.39 per litre and High-Speed Diesel by Rs. 4.07 per litre, effective Wednesday, 05 August 2026. This is the second reduction in as many reviews, following a Monday cut that brought petrol down by Rs. 4.08 and diesel by Rs. 2.45. Together, these two cuts mark a welcome pause after weeks of steady increases. Here is the complete picture — today’s exact numbers, the past week’s trend, why prices are easing, and what it all means for your monthly budget.
The Last Two Price Notifications, Side by Side
| Notification | Petrol Change | Diesel Change |
|---|---|---|
| Monday review (effective 04 Aug) | ▼ Rs. 4.08 | ▼ Rs. 2.45 |
| Today’s review (effective 05 Aug) | ▼ Rs. 3.39 | ▼ Rs. 4.07 |
| Combined two-day drop | ▼ Rs. 7.47 | ▼ Rs. 6.52 |
Two consecutive cuts of this size are unusual and stand out against the steady climb seen through most of July. Petrol alone is now Rs. 7.47 cheaper per litre than it was just two days ago.
Why Prices Are Easing Right Now
The relief traces back to international oil markets. Renewed diplomatic movement around the Strait of Hormuz — a route through which a large share of the world’s oil moves — has reportedly made progress, with US officials expressing hope that a deal easing regional tensions could be reached within days. As fears of a wider disruption faded, international crude prices dropped, and that decline fed directly into Pakistan’s landed Petrol & Diesel Price cost. Since Pakistan’s pricing mechanism reacts to recent international benchmark movements rather than holding a fixed rate for weeks, this easing showed up at the pump almost immediately, first on Monday and again today.
Worth remembering: This same mechanism worked in reverse just weeks earlier, when renewed Iran-US tension pushed prices sharply higher. A cut today doesn’t rule out another increase if the diplomatic situation shifts again — the two-way volatility is a feature of how prices are now calculated, not a one-off event.
Also Read: https://petrolpricepakistan.online/what-causes-petrol-diesel/
7-Day Price History
| Date | Premium Petrol | HS Diesel | LS Diesel | Kerosene |
|---|---|---|---|---|
| 05 Aug 2026 | Rs. 328.56 | Rs. 385.86 | Rs. 252.73 | Rs. 297.03 |
| 04 Aug 2026 | Rs. 331.95 | Rs. 389.93 | Rs. 258.84 | Rs. 305.22 |
| 01 Aug 2026 | Rs. 336.03 | Rs. 392.38 | Rs. 259.72 | Rs. 306.44 |
| 31 Jul 2026 | Rs. 336.15 | Rs. 393.04 | Rs. 257.71 | Rs. 304.67 |
| 30 Jul 2026 | Rs. 335.06 | Rs. 390.62 | Rs. 254.04 | Rs. 303.63 |
| 29 Jul 2026 | Rs. 335.81 | Rs. 388.38 | Rs. 255.16 | Rs. 303.10 |
| 28 Jul 2026 | Rs. 334.18 | Rs. 386.83 | Rs. 255.16 | Rs. 303.10 |
Source: PakBiz petroleum price archive, cross-checked against Business Recorder’s reporting for the two most recent dates.
Putting Today’s Price in Historical Context
Even after two cuts, today’s petrol price of Rs. 328.56 remains well below the highest level ever recorded in Pakistan — Rs. 458.40 per litre, reached on 3 April 2026 during an earlier period of extreme volatility. On calmer days over the past year, prices have also fallen as low as roughly Rs. 230 per litre. This wide range illustrates just how sensitive Pakistan’s Petrol & Diesel Price costs are to global oil markets and the rupee’s exchange rate, and why a single day’s price shouldn’t be treated as a stable long-term baseline.
How the Pump Price Is Actually Built
International benchmark
The starting point is the international price of crude and refined products, which OGRA references using import parity pricing.
Exchange rate
Petrol & Diesel Price is paid for in US dollars, so rupee movements against the dollar directly affect the landed cost.
Petroleum Levy
A fixed government charge of roughly Rs. 84.40 per litre, the largest single component, adjustable only with Finance Division approval.
Customs Duty
Around Rs. 13.31 per litre applied to imported Petrol & Diesel Price .
Distribution margin
Covers moving Petrol & Diesel Price from depots to pumps, plus dealer commission (~Rs. 8.64) and OMC margin (~Rs. 7.87).
Levy figures were last independently confirmed around March 2026 and may have shifted since; treat them as indicative of the structure rather than today’s exact split. Notably, Pakistan currently applies no general sales tax (GST) on petrol or diesel.
City-Wise Price Differences
The officially notified price applies nationwide, but cities farther from Karachi’s ports and from refineries such as PARCO, ARL, NRL, and PRL can see marginally higher prices at individual pumps. This happens through the Inland Freight Equalization Margin (IFEM), which spreads transport cost across the country but still leaves small city-to-city gaps. For an everyday driver this difference is barely noticeable, but for transport companies running fixed routes daily, even a rupee or two per litre adds up over a month.
How This Affects Your Monthly Budget
For a motorcycle rider filling a 12-litre tank, today’s petrol price saves roughly Rs. 41 compared to Monday’s rate, and about Rs. 90 compared to two weeks ago. For a car owner filling a 40-litre tank, the two-day saving comes to around Rs. 136. Diesel-dependent transporters and farmers see a proportionally larger benefit given diesel’s heavier weight in freight and agricultural costs — though fare and price adjustments downstream, such as bus fares or vegetable prices, typically lag behind Petrol & Diesel Pricecuts by days or weeks, since businesses tend to lower prices more slowly than they raise them.
The Global Backdrop: Oil Markets and the Rupee
A few market indicators help explain the direction of recent notifications. International crude oil was trading at roughly USD 81.16 per barrel as of 4 August 2026, and the US dollar stood at approximately Rs. 277.96 against the rupee on the interbank market that same day. Both figures matter directly: a lower crude price reduces the cost of the Petrol & Diesel Price Pakistan imports, while a stable or strengthening rupee limits how much that cost grows once converted into local currency. When both factors move favourably at the same time, as appears to have happened around this notification, the combined effect shows up quickly as a price cut at the pump.
It’s also worth noting that Pakistan’s broader inflation picture remains elevated, with the country’s headline inflation rate for July 2026 reported at 9.2%. Petrol & Diesel Price costs are one of the more visible, fast-moving inputs into that overall inflation figure, which is part of why every notification — up or down — tends to draw significant public and media attention.
How the Official Pricing Cycle Is Supposed to Work
On paper, Pakistan’s petroleum pricing process still follows a structured chain of approval: OGRA calculates a recommended price based on import costs and other factors, then forwards it to the Petroleum Ministry, which has final sign-off. Historically, this review happened twice a month, around the 15th and the last day of each month, with the resulting price holding steady for roughly two weeks at a time. In practice, however, recent months have seen far more frequent adjustments — sometimes daily — as the government has leaned on a faster, rolling-average approach to keep domestic prices closely aligned with volatile international markets.
Comparing Today’s Price to Earlier in the Year
Zooming out slightly helps put the current numbers in perspective. Petrol has swung by well over Rs. 200 per litre across 2026 alone — from the historic high of Rs. 458.40 in early April down to levels near Rs. 230 during calmer stretches, before climbing again through July on Strait of Hormuz-related tension and now easing slightly with today’s cut. This kind of range is unusually wide even by the standards of recent years, and reflects just how directly Pakistan’s Petrol & Diesel Price costs are tied to a handful of global variables largely outside the country’s control: crude oil benchmark prices, shipping conditions, and the rupee-dollar exchange rate.
Practical Tips While Prices Are Down
A short dip in prices is a reasonable moment to plan ahead rather than change your Petrol & Diesel Price habits dramatically. Topping up your tank fully rather than doing frequent small fill-ups can make sense while rates are lower, provided your vehicle and storage allow it safely. If you run a small business or manage a delivery fleet, batching errands and deliveries into fewer, longer routes continues to save more fuel than any single day’s price movement — good driving habits matter more over a month than catching the exact lowest price. And since the mechanism can reverse just as quickly as it eased.
A Quick Note on Premium Petrol & Diesel Price
High Octane Blending Component (HOBC), sometimes sold as Hi-Octane or Octane+, is not regulated by OGRA at all — each Petrol & Diesel Price station or company sets its own price for it, which is why it can vary noticeably between pumps. Regular 70cc and 125cc motorcycles are built for standard 87–92 RON petrol and gain no real performance or mileage benefit from the higher octane rating, so paying extra for it on an ordinary bike is generally not worth it.
Where to Verify Today’s Rate Yourself
OGRA
The regulator that calculates and issues the official notification.
Total PARCO
Direct link to the official OGRA-notified retail price PDF;
Attock Petroleum (APL)
Retail-outlet-level HSD and PMG price table by city.
Same-day price table with levy and IFEM breakdowns.
Frequently Asked Questions
Today’s Petrol & Diesel Price
