ISLAMABAD: Petrol price has been increased by Rs1.08 per litre while High Speed Diesel (HSD) has risen by Rs0.51 per litre for September 2, pushing their prices to Rs343.87 and Rs370.92, respectively.
According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products under the revised daily petroleum pricing mechanism.
The ex-depot price of Motor Spirit (MS), commonly known as petrol, has increased from Rs342.79 to Rs343.87 per litre, registering an increase of Rs1.08 per litre.
Meanwhile, the ex-depot price of High Speed Diesel has been raised from Rs370.41 to Rs370.92 per litre, showing an increase of 51 paisas per litre.
The revised prices will be applicable for September 2, 2026, under the revised daily petroleum pricing mechanism.
The latest increase comes only a day after the previous revision, highlighting the immediate impact of the daily pricing mechanism on consumers. For September 1, petrol had increased by Rs0.77 per litre, while HSD had declined by Rs1.03 per litre.
With the latest adjustment, consumers will face another increase in the prices of both major transport fuels. Petrol users will bear the larger increase of Rs1.08 per litre, while HSD consumers will face an additional 51-paisa increase.
Petrol is predominantly used by motorcycles, private cars, taxis, rickshaws and other light passenger vehicles, making its price particularly significant for millions of consumers. The latest increase will directly raise fuel expenses for motorcycle and car users, while taxi and rickshaw operators may also face higher daily operating costs.
The impact is particularly relevant for middle- and lower-income households that rely heavily on motorcycles and small cars for commuting to workplaces, educational institutions, markets and other destinations. Any increase in petrol prices can therefore add to the monthly transportation burden of such households.
HSD, meanwhile, has a wider economic impact because it is extensively used by trucks, buses, commercial vehicles and heavy transport equipment. An increase in diesel prices can raise the operating costs of freight and passenger transport services.
Diesel is also widely used in Pakistan’s agriculture sector to operate tractors, tube wells, threshers and other agricultural machinery. Higher HSD prices can consequently increase transportation and agricultural costs, with potential implications for the movement and production of goods.
The impact can extend beyond direct fuel consumers because a significant portion of freight transportation depends on diesel-powered vehicles. Higher diesel costs can increase the expense of transporting goods from production centres to markets, adding pressure to the overall cost of doing business and the prices of commodities.
HSD is also used to operate machinery and equipment across various economic activities, making its price an important cost factor for businesses and industries dependent on diesel-powered operations.
The latest revision also highlights the implications of the revised daily petroleum pricing mechanism, under which ex-depot prices are adjusted more frequently in response to movements in international petroleum markets.
Following the latest adjustment, petrol will be priced at Rs343.87 per litre while HSD will be priced at Rs370.92 per litre for September 2, 2026.
The latest revision has thus resulted in another upward movement in both major transport fuels, with petrol recording the larger increase and diesel also witnessing a fresh rise after its price was reduced just a day earlier.