ISLAMABAD: Already burdened consumers are set to face another fuel shock as petrol price has been increased by Rs12.90 per litre and diesel by Rs3.72 for September 8, 2026.
The Petroleum Division, Ministry of Energy, announced on September 7 that the Oil and Gas Regulatory Authority (OGRA) had revised the ex-depot prices of petroleum products under the pricing mechanism approved by the Federal Government.
Following the latest adjustment, petrol price has climbed from Rs345.87 to Rs358.77 per litre, crossing the Rs358 mark after an increase of Rs12.90 per litre.
The price of High Speed Diesel (HSD) has also been increased from Rs378.05 to Rs381.77 per litre, reflecting a rise of Rs3.72 per litre.
The fresh increase comes at a time when consumers are already facing mounting household expenses, making the latest petroleum price adjustment another challenge for family budgets.
The sharp increase in petrol price is expected to have an immediate impact on daily commuters, particularly motorcycle and small-car users who depend on personal transport for travelling to workplaces, educational institutions and markets.
For lower- and middle-income households, higher petrol prices can translate into increased monthly transportation expenses, leaving less disposable income for other essential needs.
The impact of the latest adjustment could also extend beyond direct fuel users. Higher transportation costs may increase the operating expenses of businesses involved in the movement and delivery of goods, potentially putting additional pressure on prices across various sectors.
The HSD increase is particularly important for the transport and agriculture sectors. Diesel is extensively consumed by trucks, buses and other heavy vehicles involved in the movement of goods and passengers across the country.
The agricultural sector is also heavily dependent on diesel-powered machinery, including tractors, harvesters and tubewells. Higher diesel costs can therefore increase farming and transportation expenses, adding to the cost pressures faced by farmers and consumers.
The revised prices have been determined under the petroleum pricing mechanism, through which fuel rates are adjusted periodically in response to international market trends and other relevant factors.
With the latest revision, consumers will have to pay Rs358.77 per litre for petrol and Rs381.77 per litre for HSD from September 8, placing another financial burden on households and businesses already struggling with rising costs.