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Govt Shifts to Daily POL Pricing Amid Global Headwinds
OGRA will publish revised rates daily using seven-day average international oil prices as Pakistan moves toward deregulation, officials said.
- On Saturday, July 18, 2026, Pakistan implemented a daily fuel pricing mechanism, with Petroleum Minister Ali Pervaiz Malik announcing the Oil and Gas Regulatory Authority will determine petrol and diesel rates each day.
- Renewed hostilities between the United States and Iran have driven global oil market volatility, pushing the Platts benchmark for diesel to $140 per barrel as of Friday, prompting authorities to adopt faster price adjustments.
- Effective July 18, 2026, the government increased the ex-depot price of High-Speed Diesel by Rs31.05 per litre to Rs354.35, while petrol prices rose by Rs5.44 per litre to Rs316.15 per litre.
- The All Pakistan Petrol Pump Owners Association rejected the deregulation policy, with chairman Nauman Ali Butt warning that nearly 15,000 owners will consider launching protests and a nationwide strike next week if the decision is not withdrawn.
- Malik emphasized the move aims to enhance transparency by requiring OGRA to publish pricing calculations on its website, while officials confirmed petroleum stocks remain sufficient for nearly two months, mitigating immediate shortage concerns.
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17 Articles
17 Articles
Coverage Details
Total News Sources17
Leaning Left2Leaning Right6Center3Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
L 18%
C 27%
R 55%
Factuality
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