Islamabad: Domestic fuel prices in Pakistan edged upwards again following the latest daily price adjustment by the Oil and Gas Regulatory Authority (OGRA), driven by persistent volatility in global energy markets and escalating conflict in the Persian Gulf. Effective September 4, the ex depot price of petrol has increased by Rs 2.84 per litre to stand at Rs 349, while High Speed Diesel (HSD) has been revised upward by Rs 2.28 per litre to reach Rs 374.31.

The latest price adjustment reflects ongoing supply chain disruptions in the Strait of Hormuz, through which roughly a fifth of global energy shipments pass. The resulting international price volatility has transmitted directly to domestic inflation, with the Pakistan Bureau of Statistics recording Consumer Price Index (CPI) inflation at 11.1 percent for August. Under the newly implemented federal framework, OGRA now publishes daily petroleum prices calculated from a seven day rolling average of benchmark international rates to ensure rapid alignment with global market movements.

To maintain market stability and spread the cost variation over time, the government has also revised fuel import protocols for the 2026-27 fiscal year. High speed diesel imports will now be handled exclusively through Pakistan State Oil, while private oil marketing companies may import petrol in accordance with their respective market shares. With total cumulative government taxes, duties, and levies standing at approximately Rs 114 per litre on petrol and Rs 100 per litre on diesel, the increase is expected to exert some upward pressure on daily commuting costs, freight logistics, and consumer goods transportation across the country.