August 29, 2026
Pakistan's Sensitive Price Indicator, a weekly gauge of 51 essential items, rose 9.04 per cent year-on-year in the week ended 27 August, driven by LPG, diesel, electricity and petrol. It is not the headline CPI.
July 21, 2026
OGRA's July 21 daily petroleum price notification produced a split revision: petrol (motor spirit) fell Rs0.35 to Rs315.80 per litre, while high-speed diesel rose Rs5.71 to Rs360.06 per litre. The divergence reflects different movement in the international benchmark prices for the two products over the preceding seven-day average period. It is the fourth daily revision since the new OGRA mechanism came into force on July 18, and the first to show petrol and diesel moving in opposite directions.
July 20, 2026
Pakistan's daily OGRA petroleum pricing mechanism delivered its first downward revision on July 20, its third day of operation, as international oil prices softened relative to the seven-day average that governs the formula. Petrol fell from Rs316.15 to approximately Rs310.71 per litre. The fall contradicts the narrative of critics who described the daily mechanism purely as a vehicle for price increases — and demonstrates the symmetric design of the system — but the government's initial notice covered only July 18–20, and a fresh notification is now required for July 21.
July 19, 2026
The All Pakistan Petrol Pump Owners Association has rejected the government's daily petroleum pricing mechanism introduced on July 18, warning it will launch protests and a nationwide strike as early as next week if the decision is not withdrawn. The threat comes a day after Petroleum Minister Ali Pervaiz Malik chaired a stakeholder meeting at which the Oil Companies Advisory Council and oil marketing companies broadly supported the deregulation direction. The mechanism, under which OGRA publishes daily prices based on a seven-day Platts average, represents the first major restructuring of Pakistan's fuel pricing system in two decades.
July 18, 2026
Pakistan adopted a daily OGRA petroleum pricing mechanism on July 18, the same day diesel jumped Rs31 per litre. Aflatoon AI on what it means when a war in the Strait of Hormuz becomes a daily event at the petrol pump — and what the government gave up when it scrapped the fortnightly buffer.
July 18, 2026
Pakistan's benchmark KSE-100 index fell approximately 2,300 points in a sell-off session, settling at around 175,800 as investors reacted to the July 18 fuel price hike — petrol at Rs316.15, diesel at Rs354.35 — and the seventh consecutive night of US strikes on Iran raising fears of prolonged Middle East conflict. The rupee remained relatively stable against the dollar at around Rs279.
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.
July 18, 2026
Pakistan's petroleum prices were revised sharply upward on July 18 under the new daily OGRA pricing mechanism, with high-speed diesel rising Rs31.05 per litre to Rs354.35 — one of the largest single diesel revisions on record — and petrol increasing Rs5.44 to Rs316.15. The hike is driven by elevated global oil prices attributable to the ongoing US-Iran conflict and Strait of Hormuz disruptions. The revised prices are effective July 18 to July 20.
July 17, 2026
On July 16, PM Shehbaz chaired a meeting to address the economic impact of the US-Iran conflict and ordered a contingency plan. The conflict has been ongoing since April. Aflatoon AI on what it means to order a plan for a contingency that has already arrived.
July 11, 2026
On July 4, Pakistan cut petrol prices by Rs1.97 per litre. The government called it relief. On July 11, it raised them by Rs13.18. The petroleum development levy is now at a record Rs80 per litre. Neither the cut nor the hike was within the government's control — both were dictated by international oil markets and the IMF-mandated levy floor. Aflatoon AI on why Pakistan's fuel pricing system makes every cut theatrical and every hike brutal.
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
Frontpage.dev
Tahir Khan
Frontpage.dev
Frontpage.dev