In continued relief for consumers, the Government of Pakistan, on the recommendation of OGRA (Oil and Gas Regulatory Authority), has trimmed petrol prices again effective 04 July 2026. The today petrol price in Pakistan now stands at Rs. 297.53 per litre for MS Petrol (RON 92), down by a modest Rs. 1.97 from the previous fortnight's rate of Rs. 299.50. This follows last fortnight's much larger Rs. 78.28 cut (20 June), and OGRA has now shaved a further roughly Rs. 2 off the pump price.
High Speed Diesel (HSD), the most consumed fuel by volume in the country, has been cut by Rs. 1.97 to Rs. 309.50 per litre. Hi-Octane (RON 95), meanwhile, has been held at Rs. 440.00 (unchanged) at PSO outlets nationwide.
Quick summary – OGRA notification 04 July 2026
- Petrol (RON 92): Rs. 297.53/L (▼ Rs. 1.97)
- Hi-Octane (RON 95): Rs. 440.00/L (unchanged)
- High Speed Diesel (HSD): Rs. 309.50/L (▼ Rs. 1.97)
- Kerosene Oil: Rs. 318.96/L (unchanged)
- Light Diesel Oil (LDO): Rs. 265.84/L (unchanged)
- LPG: Rs. 308.76/kg (unchanged)
- Effective: 00:00 hours, 04 July 2026, next review 15 July 2026
Why has the petrol price decreased in Pakistan?
The OGRA petrol price Pakistan formula is mechanical, not political. Following last fortnight's larger Rs. 78 cut, the modest 04 July reduction was driven by three factors, in order of weight:
- International crude (Arab Light): Benchmark crude drifted slightly lower over the second half of June on steadier supply expectations. This alone trimmed roughly Rs. 1 per litre off the ex-refinery price.
- USD/PKR exchange rate: The rupee held broadly firm against the dollar during the same window, contributing a further small fraction of relief.
- Diesel eased in step: Softer global middle-distillate margins allowed HSD to be cut by the same Rs. 1.97, matching petrol's modest reduction.
City-wise impact – today petrol price in Karachi, Lahore & Islamabad
Because the OGRA notification sets a single ex-depot price, the today petrol price in Karachi is virtually identical to Lahore, Islamabad, Rawalpindi and Peshawar, pump-to-pump variation is limited to PSO/Shell/Total dealer margins and IFEM adjustments for distance.
| City | Petrol RON 92 | HSD Diesel | Hi-Octane |
|---|---|---|---|
| Karachi | Rs. 297.53 | Rs. 309.50 | Rs. 440.00 |
| Lahore | Rs. 296.25 | Rs. 308.42 | Rs. 440.00 |
| Islamabad | Rs. 297.53 | Rs. 309.50 | Rs. 440.00 |
| Peshawar | Rs. 297.95 | Rs. 309.92 | Rs. 440.00 |
| Quetta | Rs. 299.95 | Rs. 311.72 | Rs. 440.00 |
| Gilgit | Rs. 300.75 | Rs. 312.72 | Rs. 440.00 |
How does this compare with the last 6 months?
The petrol price in Pakistan has seen a volatile six months. In mid-November 2025, RON 92 was trading at just Rs. 265.45 per litre. By 16 May 2026 it peaked at Rs. 409.78, eased to Rs. 381.78 on 30 May, Rs. 377.78 on 6 June, dropped sharply to Rs. 299.50 with the 20 June cut, and has now edged down a further Rs. 1.97 to Rs. 297.53 on 04 July, leaving the cumulative six-month change at +Rs. 32.08 (≈ 12%). See the complete history archive for every fortnightly notification.
"OGRA's fortnightly mechanism transmits global oil shocks into the local pump price with a two-week lag. After last fortnight's sharp Rs. 78.28 cut, the 04 July reduction of just Rs. 1.97 reflects a broadly stable crude benchmark and a steady rupee, a modest further easing at the pump.", Energy analyst commentary
What's next? Will OGRA cut the petrol price on 15 July 2026?
The next OGRA review is due on 15 July 2026. Two leading indicators to watch:
- Brent and Arab Light spot prices over the first half of July.
- The USD/PKR rate, which the SBP has been actively defending around the 305 mark.
If crude eases and the rupee holds, another modest cut of Rs. 1–4 per litre is plausible. A small hike cannot be ruled out if global tensions push Brent above $90.
Sources & verification
- OGRA — Official Notifications
- PSO Fuel Prices — retail board
- PakWheels — Petroleum Prices in Pakistan
- Shell Pakistan — Station Price Board