ISLAMABAD: Petrol price has been increased by Rs1.08 per litre while High Speed Diesel (HSD) has risen by Rs0.51 per litre for September 2, pushing their prices to Rs343.87 and Rs370.92, respectively.
According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products under the revised daily petroleum pricing mechanism.
The ex-depot price of Motor Spirit (MS), commonly known as petrol, has been increased from Rs342.79 to Rs343.87 per litre, registering a rise of Rs1.08 per litre.
The ex-depot price of High Speed Diesel has also been raised from Rs370.41 to Rs370.92 per litre, showing an increase of 51 paisas per litre.
The revised prices are applicable for September 2, 2026, under the revised daily petroleum pricing mechanism.
The fresh increase comes only a day after the previous adjustment, demonstrating how frequently consumers are now exposed to changes under the daily pricing mechanism. For September 1, petrol had increased by Rs0.77 per litre, while HSD had declined by Rs1.03 per litre.
The latest revision means that consumers will face higher prices for both major transport fuels on September 2. Petrol users will bear the larger increase, while diesel consumers will also see a fresh rise after receiving a reduction a day earlier.
Petrol is predominantly used by motorcycles, private cars, taxis, rickshaws and other light vehicles. Its price therefore has a direct bearing on the daily transportation expenses of millions of people.
For middle- and lower-income households, which frequently rely on motorcycles and small cars for commuting to workplaces, educational institutions, markets and other destinations, even a small increase in petrol prices can add to their regular household expenses.
The increase may also raise operating costs for taxi and rickshaw drivers, who depend heavily on petrol for their daily income-generating activities.
HSD has an even broader economic footprint as it is widely used by trucks, buses, commercial vehicles and heavy machinery. An increase in diesel prices can therefore raise the cost of transporting passengers and goods across the country.
Diesel is also extensively used in Pakistan’s agriculture sector for operating tractors, tube wells, threshers and other agricultural machinery. Higher diesel prices can consequently increase transportation and farming costs.
The impact of HSD prices can extend throughout the supply chain because a substantial portion of freight movement depends on diesel-powered vehicles. Higher transportation costs can increase the expense of moving goods from farms and production centres to wholesale and retail markets.
Businesses and industries that use diesel-powered machinery and equipment may also face higher operating costs following the latest increase.
The latest adjustment reflects the operation of the revised daily petroleum pricing mechanism, under which ex-depot prices are revised more frequently in response to movements in international petroleum markets.
Following the latest revision, petrol will be priced at Rs343.87 per litre and HSD at Rs370.92 per litre for September 2, 2026.
The latest adjustment has thus delivered another increase in both major transport fuels, adding to the fuel cost burden of consumers and businesses under the newly revised daily pricing system.
