September 11, 2026
Industry Asks Government to Drop Daily Fuel Pricing
Three business bodies say taxes make up 37 percent of the petrol price and want the daily pricing mechanism replaced with a 15-day cycle so firms can plan costs.
September 11, 2026
Three business bodies say taxes make up 37 percent of the petrol price and want the daily pricing mechanism replaced with a 15-day cycle so firms can plan costs.
September 5, 2026
Yesterday this column argued petrol had risen three times in four days and "not once" fallen. Within twenty-four hours it fell Rs3.13. But diesel rose Rs3.74 — and that is the number that decides what the week actually cost.
August 22, 2026
Petrol goes to Rs341.59 a litre and high-speed diesel to Rs368.29, effective August 22 and holding until Monday, August 24. It is the largest single-day rise in either fuel since the Rs32.63 diesel cut earlier in the week.
July 18, 2026
Pakistan has shifted from its previous fortnightly petroleum price review system to a new mechanism under which OGRA sets petrol and diesel prices daily based on the average international crude price of the preceding seven days. Federal Petroleum Minister Ali Pervaiz Malik announced the change as a move toward transparency and eventual deregulation. The immediate consequence is that global oil price movements — including those driven by the US-Iran conflict — will pass through to Pakistani consumers within 24 hours rather than a two-week buffer.
Listen to the article A meeting is to be held today regarding the possible delegation of the authority to set fuel prices to oil marketing companies (OMCs), sources in the petroleum ministry confirmed. Petroleum Minister Musadik Malik will chair the meeting, which will consider the devolution of power to set prices of petroleum products to OMCs, following a desk order issued by Prime Minister Shehbaz Sharif yesterday. In the ministerial order, the prime minister directed the Directorate of Petroleum to finalize and present the deregulation framework for the petroleum sector. Oil and Gas Regulatory Authority (OGRA) Chairman Masroor Khan is