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Aftab Maken
ISLAMABAD: The government on Friday announced a sharp increase in the prices of petroleum products, raising the ex-depot price of High Speed Diesel (HSD) by Rs 31.05 per litre and Motor Spirit (MS), commonly known as petrol, by Rs 5.44 per litre.
According to a notification issued by the Ministry of Energy (Petroleum Division), the revised prices will remain effective from July 18 to July 20, 2026, after which they are expected to be reviewed again.
Under the revised pricing, the ex-depot price of High Speed Diesel (HSD) has been increased from Rs 323.30 per litre to Rs 354.35 per litre, reflecting a hike of Rs31.05 per litre, or approximately 9.6 percent.
Similarly, the price of Motor Spirit (MS)/Petrol has been raised from Rs310.71 per litre to Rs316.15 per litre, an increase of Rs5.44 per litre.
The latest revision is notable for its limited validity of only three days, making it an unusual short-term adjustment in domestic fuel prices. The government did not immediately provide further details on the factors behind the temporary pricing decision.
The steep increase in diesel prices is expected to have a broader economic impact, as HSD is widely used in the transport, agriculture, and industrial sectors. Higher diesel costs could translate into increased freight charges, production costs, and upward pressure on inflation.
Petrol, primarily consumed by private motorists and motorcycles, also recorded a moderate increase, adding to transportation costs for consumers.
The Ministry of Energy stated that the revised ex-depot prices would take effect from 12:00 a.m. on July 18, 2026, and remain in force until July 20, 2026, unless revised earlier through another government notification.
