Pakistan's government raises petrol to Rs331.52 per litre and diesel to Rs378.66 effective July 24, as cumulative July increase tops Rs32
Pakistan's federal government announced another fuel price hike on the night of July 23, taking petrol to Rs331.52 per litre and high-speed diesel to Rs378.66 per litre effective July 24, bringing the cumulative increase for the month of July to more than Rs32 per litre as global crude prices rise on Hormuz tensions
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Summary
Pakistan's federal government raised petrol to Rs331.52 per litre and high-speed diesel to Rs378.66 per litre effective July 24, 2026, under its daily petroleum pricing mechanism. The announcement on the night of July 23 brought the cumulative increase for July to more than Rs32 per litre, or roughly 11% above June-end prices. Four Pakistani outlets reported the revision, attributing the increase to the surge in global crude oil prices driven by Hormuz and Bab el-Mandeb disruptions and Houthi attacks on Saudi tankers. A previous revision effective July 22 had taken petrol to Rs320.73; this latest adjustment adds a further Rs4.40 for petrol and Rs3.62 for diesel per litre.
The split
All four sources are Pakistani domestic media covering the same government announcement from an Islamabad dateline, with no foreign-outlet or official OGRA release in the feed. The framing is consistent: consumer cost impact first, global oil crisis context second. No outlet provided the official OGRA regulatory notice or the Ministry of Energy's methodology.
By the numbers
- Rs331.52, petrol price per litre effective July 24
- Rs378.66, high-speed diesel per litre effective July 24
- Rs32+, cumulative petrol increase since July 1
- Rs4.40, petrol increase in this specific July 24 revision
- Rs3.62, diesel increase in this specific July 24 revision
Why it matters
Pakistan imports the bulk of its refined fuel and is directly exposed to Hormuz-linked crude price spikes. With inflation already elevated, successive fuel price revisions compound pressure on transport, food supply chains, and household budgets. This is the third upward revision in July, following the pump-owner strike that preceded the July 22 adjustment.
What to watch
- Whether the National Electric Power Regulatory Authority passes on higher energy input costs in electricity tariffs in August.
- Demand for IMF review of Pakistan's fiscal targets if fuel subsidies are reintroduced to contain political pressure.
- Any change in the daily pricing mechanism if global crude retreats.