Daily Petrol Price in Pakistan: Government Plans Radical Fuel Pricing Shift
ISLAMABAD — The Government of Pakistan is actively considering a major and revolutionary shift in how fuel prices are determined across the country. According to a news report published in the Daily Jang newspaper and broadcasted by HUM News, the government may soon move away from its traditional fortnightly (15-day) fuel review system in favor of a daily pricing mechanism
If implemented, this policy update will fundamentally change how petroleum products are priced and deregulate the government’s direct influence over the market.
Key Highlights of the Proposed Fuel Policy Update
End of Fortnightly Reviews: Currently, petroleum prices are adjusted every 15 days based on international oil market trends and currency exchange rates. Under the new proposal, prices will fluctuate on a daily basis.
Minimizing Government Control: The transition aims to almost entirely phase out the government’s direct role in setting and regulating daily fuel rates.
Empowering OGRA: Under the new framework, the Oil and Gas Regulatory Authority (OGRA) will be granted complete, autonomous authority. OGRA will serve as the sole body responsible for calculating and finalizing daily rates.
Midnight Implementation: New prices determined by OGRA will automatically take effect nationwide every night precisely at 12:00 AM (midnight).
Affected Petroleum Products
The daily pricing model will apply to all major fuel categories in Pakistan:
Motor Spirit (Petrol)
High-Speed Diesel (HSD)
Light Diesel Oil (LDO)
Kerosene Oil (Mitti ka tel)
Why is Daily Petrol Price Change Being Considered?
Historically, the 15-day pricing cycle has often subjected the government to intense political backlash during global oil hikes and forced the state to bear heavy financial burdens or subsidies.
By shifting to a daily pricing model—similar to mechanisms used in several developed and developing international markets—the system will align instantly with global crude oil movements. It also shifts the pricing responsibility to an independent regulatory body (OGRA), insulating state decision-making from short-term market volatility.
