ISLAMABAD: The federal government has directed the Oil and Gas Regulatory Authority to publish daily fuel prices under a new formula linked to seven-day average international rates.
According to an official, OGRA will determine petrol and diesel prices without seeking separate government approval for each daily announcement. Prices will remain unchanged on Saturdays and Sundays.
The regulator will calculate petrol prices using the imported cost, applicable premium and the average international rate for seven working days. When no imports occur, OGRA will apply an annual average premium.
High-Speed Diesel prices will also reflect imported costs and the seven-day average international benchmark.
OGRA must publish international reference prices on its website daily from July 1, 2026. The mandatory publication would improve transparency in the pricing process.
Read: Pakistan Petrol Price Rises Rs5.44, HSD Up Rs31.05
The petroleum levy will remain within the limit approved by the federal cabinet. Any change in the levy will require approval from the Ministry of Finance.
Pakistan State Oil will become the sole company eligible to import High-Speed Diesel from the fiscal year 2026-27.
Oil Marketing Companies will be permitted to import petrol according to their market share. Companies that breach import conditions may lose their eligibility for up to nine months.
OGRA will also determine daily kerosene oil and light diesel oil prices. The federal government has directed the regulator to implement the revised mechanism immediately.
