Petrol Price in Pakistan Today: OGRA Formula & When Prices Change
How OGRA sets Pakistan's petrol price every two weeks, what the current petrol rate is, the difference between 92 and 95 RON, and how fuel price changes affect inflation.
As of June 20, 2026, the petrol price in Pakistan is Rs. 299.78 per litre for 92 RON — the first time in years the price has fallen below Rs. 300. This followed a Rs. 74/litre cut driven by falling international crude oil prices and a stable PKR.
This guide explains how OGRA sets the petrol price, when prices change, and what drives the fluctuations ordinary Pakistanis experience at the pump.
Current Petrol Prices (Effective June 20, 2026)
| Fuel Type | Price per Litre |
|---|---|
| Petrol (92 RON) | Rs. 299.78 |
| High-Speed Diesel (HSD) | Rs. 306.17 |
| Kerosene | Rs. 202.48 |
| Light Diesel Oil (LDO) | Rs. 177.78 |
Source: OGRA notification, effective June 20, 2026
How OGRA Sets the Petrol Price
Pakistan’s Oil and Gas Regulatory Authority (OGRA) reviews petroleum prices every two weeks — on the 1st and 16th of each month (roughly). The process follows a defined formula:
The OGRA Pricing Formula
Petrol Price = Cost of Refined Product + Petroleum Levy + GST + Inland Freight + Dealer/OMC Margins
1. Cost of Refined Product This is the import parity price — what it would cost Pakistan to import refined petrol from the international market. It is directly tied to:
- Global crude oil benchmark (Arabian Light crude, priced in USD)
- Refining margin (crack spread)
- USD/PKR exchange rate (since crude is priced in dollars)
2. Petroleum Levy A fixed-per-litre government levy. In FY 2026-27, the government targets Rs. 1 trillion from petroleum levy — roughly Rs. 78/litre on petrol. This levy is the government’s key revenue tool and does not change with international prices.
3. GST (General Sales Tax) Currently applied at a reduced rate on petroleum products. GST is a percentage of the base price, so it rises and falls with international prices.
4. Inland Freight Equalization Margin (IFEM) A flat per-litre charge that equalises fuel prices across Pakistan, so consumers in Balochistan pay the same price as those in Karachi.
5. Dealer and OMC Margins Fixed margins for petrol station dealers (~Rs. 8–10/litre) and Oil Marketing Companies like PSO, Shell, Total.
92 RON vs 95 RON — What’s the Difference?
| Feature | 92 RON | 95 RON |
|---|---|---|
| Octane rating | 92 | 95 |
| Price | Lower (standard rate) | Higher (+Rs. 6–10/litre typically) |
| Engine requirement | Standard engines | High-performance/turbocharged engines |
| Availability | All petrol stations | Major urban stations only |
| Who should use it? | Most Pakistani cars (Alto, Mehran, Corolla, Honda City) | High-end imports, turbocharged engines |
Most Pakistani vehicles are designed for 92 RON. Using 95 RON in a regular engine provides no measurable benefit. Only use 95 RON if your owner’s manual specifically requires it (marked “Premium” or “95+ Octane Required”).
Why Did Petrol Prices Fall So Sharply in June 2026?
The Rs. 74/litre cut on June 20, 2026 was the largest single price reduction in several years. Two factors drove it:
1. Global Crude Oil Price Drop International crude oil prices fell significantly in May–June 2026 due to OPEC+ production decisions, concerns about global demand, and resolution of geopolitical risk premium. Arabian Light crude fell from ~$80/barrel in early 2026 to the high $60s in June.
2. PKR Stability The rupee held firm at Rs. 277–280/USD throughout June, meaning the import cost in PKR terms also declined without any currency headwind.
Government’s role: The government did not reduce the petroleum levy to achieve this cut — the cut came entirely from lower international prices, preserving government revenue.
How Petrol Prices Affect Pakistan’s Inflation
Petrol price changes ripple through the Consumer Price Index (CPI) through two channels:
Direct impact: Petrol and diesel have a direct weight in CPI. The June 2026 price cut contributed to a projected significant drop in transport-related CPI (which was running at ~36% YoY as of May 2026).
Indirect impact: Diesel powers trucks and agricultural machinery. Lower diesel prices reduce the cost of transporting food and goods across Pakistan, easing prices for everything from vegetables to building materials.
The SBP forecasts that the June petrol price cut, combined with easing global commodity prices, will push Pakistan’s headline inflation toward the 5–7% medium-term target by mid-FY2027.
Use our Pakistan Inflation Calculator to see how fuel prices have affected your purchasing power since 2015.
Petrol Price History (Recent)
| Date | Petrol 92 RON (Rs./litre) | Change |
|---|---|---|
| June 20, 2026 | 299.78 | −Rs. 74.17 (largest single cut in years) |
| June 1, 2026 | 373.95 | −Rs. 11.53 |
| May 16, 2026 | 385.48 | −Rs. 4.64 |
| May 1, 2026 | 390.12 | Flat |
| April 16, 2026 | 390.12 | −Rs. 11.22 |
Frequently Asked Questions
What is petrol price in Pakistan today?
As of June 20, 2026, petrol (92 RON) costs Rs. 299.78/litre across Pakistan. Check OGRA’s official website or your local petrol station for any subsequent fortnightly revision.
When is the next petrol price revision?
OGRA typically revises prices on the 1st and 16th of each month. The next review after June 20, 2026 is due around July 1, 2026 — the first day of the new financial year FY 2026-27.
How does the exchange rate affect petrol prices?
Crude oil is priced in US dollars globally. When the PKR weakens against the dollar, Pakistan’s import cost rises even if international crude prices remain flat. A 1% PKR depreciation roughly adds Rs. 2–3/litre to the import parity price.
Can I calculate how much petrol I need for a trip?
Our Inflation Calculator tracks real purchasing power changes. For trip fuel costs: divide your total distance by your vehicle’s fuel efficiency (km/litre) and multiply by the current petrol price.
Petrol price data sourced from OGRA official notifications. For educational purposes only. Not financial advice.
HisaabKar Editorial Team
M.Phil Economics · Verified Financial Content
This guide is researched and maintained by economists with formal training in Pakistani public finance and macroeconomics. All data is sourced from official government publications (FBR, SBP, PBS, PMEX). Learn about our credentials →