Petrol Price in Pakistan Today — March 2026

Current petrol price: Rs. 321.17/L | Diesel: Rs. 335.86/L | Hi-Octane: Rs. 329.88/L | Kerosene: Rs. 176.81/L | CNG: Rs. 194/Kg | LPG: Rs. 225.84/Kg

Prices effective March 7, 2026 per OGRA notification. Updated regularly per government press releases.

City prices: Karachi Rs. 328.88 | Lahore Rs. 329.88 | Islamabad Rs. 329.88 | Quetta Rs. 336.88 | Gilgit Rs. 345.88

BREAKING: Historic Rs. 55/L Increase — Weekly Reviews Active
🇵🇰 OGRA OFFICIAL · UPDATED PER GOVERNMENT NOTIFICATION

Petrol Price in
Pakistan Today

📅

پاکستان میں آج پٹرول کی قیمت — تازہ ترین OGRA اپ ڈیٹ

Latest fuel prices for all 7 petroleum products updated per OGRA standards. Includes fuel cost calculator, price predictor, 12+ city rates, complete price breakdown, and expert articles.

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All 7 petroleum products — March 7, 2026

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Whether you're a motorcyclist in Lahore checking today's petrol rate, a truck fleet manager in Karachi calculating diesel costs, or a farmer in rural Punjab planning irrigation expenses — PakFuel gives you the data you need in one place.

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All fuel prices on PakFuel are updated regularly in accordance with official OGRA notifications and government press releases issued by the Ministry of Energy (Petroleum Division).

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Disclaimer: PakFuel is an independent informational platform and is not affiliated with OGRA, PSO, Shell, or any government authority. All prices are verified against official government notifications. For official price notifications, consumers can refer to the OGRA website at ogra.org.pk or the Pakistan State Oil website at psopk.com.

Petrol Price in Pakistan Today (March 2026) — Complete Guide

Everything you need to know about current fuel rates, pricing formula, and market outlook

The petrol price in Pakistan today is Rs. 321.17 per litre as per the latest OGRA notification effective from March 7, 2026. High-speed diesel (HSD) is priced at Rs. 335.86 per litre. These prices apply uniformly across all major oil marketing companies including PSO, Shell, Total PARCO, Attock, Hascol, GO, and Byco.

The March 7 revision was the most significant single-day fuel price adjustment in Pakistan's history — both petrol and diesel were increased by Rs. 55 per litre. The government attributed this to the Middle East geopolitical crisis and the disruption of shipping lanes through the Strait of Hormuz, causing Brent crude to surge 50-70% in under two months.

Largest Ever Hike
+55
PKR per litre
Now Revised
Weekly
was fortnightly
📊

How Petrol Prices Are Determined in Pakistan

Petroleum pricing in Pakistan follows a structured formula managed by OGRA under federal government oversight. The pump price is the sum of six components, each contributing a specific percentage to the final rate consumers pay at retail stations.

Ex-Refinery
~66%
Rs. 213.41
Petrol Levy
~22%
Rs. 70.00
Sales Tax
~5.6%
Rs. 18.00
Freight+Margins
~6.4%
Rs. 19.76

OGRA uses the Arab Gulf import parity benchmark for the ex-refinery price, converting it at the prevailing USD/PKR exchange rate. Government taxes alone (PDL + GST) make up roughly 28% of the total — meaning even when crude prices fall, the full benefit doesn't always reach consumers.

5 Key Factors That Affect Petrol Prices

🛢️ Brent Crude

The #1 factor. Each $1/barrel change = Rs. 1.5-2.0/L at the pump. March 2026 saw crude surge from $75 to $130.

💱 USD/PKR Rate

Pakistan pays for oil in dollars. Each Rs. 1 depreciation = Rs. 0.60-0.80/L increase — even if crude stays flat.

🏛️ Government Taxes

PDL (Rs. 70) + GST (Rs. 18) = 28% of pump price. Often increased under IMF programs, absorbing any crude relief.

📦 OPEC+ Decisions

Production cuts or increases by OPEC+ directly move global supply. Quarterly meetings are key dates to watch.

🌍 Geopolitics

Strait of Hormuz handles 20% of world oil. Conflicts in Middle East, Russia cause sudden supply shocks.

🏙️

Why Prices Differ Between Cities

The base OGRA price is uniform nationwide. City differences come from the Inland Freight Equalization Margin (IFEM) — the cost of transporting fuel from Karachi's refineries and port to retail outlets across the country.

Cheapest
Karachi
328.88
Most Expensive
Gilgit
345.88
Difference
+Rs. 17

Karachi has the lowest prices being closest to refineries and the port. Lahore, Islamabad, and Rawalpindi sit at Rs. 329.88. Quetta reaches Rs. 336.88. Gilgit-Baltistan pays the most at Rs. 345.88 — reflecting extreme distances and mountainous terrain that make fuel logistics significantly more expensive.

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Impact on Pakistan's Economy & Daily Life

Diesel powers the backbone of Pakistan — trucks carrying 90%+ of freight, intercity buses, tractors, and tube wells. Petrol drives 25+ million motorcycles and millions of cars. Every price increase ripples through the entire economy.

🚛 Freight Cost Increase
Karachi → Lahore container: +Rs. 15,000-20,000 per trip after the Rs. 55/L diesel hike
📊 Inflation Impact
Every Rs. 10/L increase adds 0.3-0.5 percentage points to CPI within 4-6 weeks
🛵 Motorcycle Rider
30 km/day commuter now pays Rs. 1,060 more per month after the increase
🥖 Food Prices
Transport = 8-15% of food cost. Shopkeepers report delivery trips up from Rs. 1,000 to Rs. 3,000

Economists project the Rs. 55 hike could add 1.5-2.5 percentage points to headline inflation. Public transport fares, school van charges, and ride-hail prices all adjust upward within days — with the burden falling hardest on lower-income households.

🏢

Oil Marketing Companies in Pakistan

🟢Pakistan State Oil (PSO)

Largest OMC in Pakistan with 3,800+ retail outlets. Serves retail, industrial, aviation, marine & government sectors nationwide.

🟡Shell Pakistan

~800 stations. Focus on premium fuels, lubricants, and Shell V-Power. Known for station quality and convenience stores.

🔴Total PARCO

~800 outlets. Joint venture between TotalEnergies and the Pakistani government. Strong presence in Punjab and Sindh.

🔵Attock Petroleum (APL)

~600 outlets, primarily in northern Pakistan. Part of the Attock Group with integrated refining operations.

🟠Hascol, GO & Byco

Combined 1,500+ outlets across Pakistan. All follow the same OGRA-notified base rate for regulated fuel types.

Note: All OMCs charge the same OGRA-notified price for Petrol, HSD, LSD, and Kerosene. Hi-Octane Euro 5 pricing is set independently by each company.

Petroleum Products Available in Pakistan

ProductGradePrimary Use
⛽ Petrol (Motor Spirit)RON 92Cars, motorcycles, rickshaws
🛢️ High-Speed DieselTrucks, buses, tractors, generators
🏎️ High Octane Euro 5RON 95-97Performance & imported cars
🔧 Light-Speed DieselMedium vehicles, industrial
🪔 Kerosene OilLighting, cooking, rural areas
💨 CNGConverted vehicles, rickshaws
🔥 LPGCooking, heating, vehicles

Pakistan adopted the RON 92 petrol standard in 2016, replacing the older RON 87 grade. Euro V emission standards were implemented in 2020, skipping Euro III and IV. Hi-Octane Euro 5 (RON 95-97) is premium fuel for turbocharged engines — its pricing is NOT controlled by OGRA and varies between Rs. 328-346 per litre by company and location. CNG was once hugely popular (Pakistan was the world's largest CNG market) but infrastructure has declined. LPG serves dual purpose as vehicle fuel and cooking gas in areas without piped natural gas.

🏛️

OGRA's Role & Price Revision Schedule

The Oil and Gas Regulatory Authority was established under the OGRA Ordinance 2002 to regulate Pakistan's petroleum sector. Its responsibilities include recommending prices to the government, licensing OMCs and LPG distributors, ensuring quality at retail outlets, and protecting consumers.

📅 Old System (Until Feb 2026)
Fortnightly Reviews
Prices revised on the 1st and 16th of each month. Standard for over a decade. Gave consumers 15 days of price certainty.
📅 New System (March 2026+)
Weekly Reviews
Shifted due to extreme global volatility. Faster market response, but consumers face more frequent changes.

OGRA calculates the recommended price using the Arab Gulf import parity formula — reflecting real import costs at prevailing exchange rates. The final decision rests with the federal government, which can accept, modify, or reject OGRA's recommendation based on fiscal and political considerations.

📜

Historical Petrol Prices in Pakistan

YearEventPrice
2000Baseline — stable pricing eraRs. 35
2008Global oil crisis — Brent hit $147/barrelRs. 82
2013Subsidy cuts under IMF pressureRs. 107
2016Global crude crash — Brent below $30Rs. 62
2020COVID demand collapseRs. 74
2022Post-COVID + Russia-Ukraine + PKR crashRs. 233
2023Previous all-time record (Sep 16)Rs. 331
2025Correction period — moderate stabilityRs. 252-268
2026Historic Rs. 55/L shock — Strait of Hormuz crisisRs. 321

All prices on PakFuel are updated in accordance with official OGRA notifications and government press releases. This is an independent informational website not affiliated with OGRA or any government authority. For official notifications, visit ogra.org.pk.

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