Fuel Prices • Daily Pricing
Petrol Has Crossed Rs 370, Diesel Rs 398. The Full Daily-Pricing Story of the Four Hikes in Five Days, and What to Expect at the Pump Tomorrow
11 September 2026
Petrol in Pakistan is now Rs 370.80 per litre and high-speed diesel is Rs 398.04 per litre, effective 11 September 2026, after the Oil and Gas Regulatory Authority (Ogra) issued the fourth daily ex-depot price revision in five working days. The combined increase since the last fortnightly revision on 7 September is Rs 26.62 per litre for petrol and Rs 30.43 for diesel, and the cause is the same on every one of the four hikes: the new daily-pricing mechanism is now passing through the Iran-Israel-US-war-driven global crude oil shock to Pakistani consumers in 24 hours, and Brent crude has been trading above $100 a barrel for the better part of a week. The next revision is expected on 12 September, and dealers should expect further movement in either direction depending on the global price move.
Today’s price, 11 September 2026
The Ministry of Energy (Petroleum Division) issued the new ex-depot prices on Thursday night, with effect from 11 September 2026. The revised prices are:
The new price holds for one day under the daily-pricing mechanism. The next revision is expected on the night of 11-12 September, with effect from 12 September.
The four-hike progression in five working days
Under the new daily-pricing mechanism, Ogra has raised ex-depot prices on each of the four working days since the last fortnightly revision. The progression is:
- 7 September (baseline): Petrol Rs 344.18, diesel Rs 367.61 — last fortnightly revision under the old mechanism.
- 8 September: Petrol Rs 357.08 (+12.90), diesel Rs 371.33 (+3.72) — first daily revision.
- 9 September: Petrol Rs 362.66 (+5.58), diesel Rs 375.51 (+4.18) — second daily revision.
- 10 September: Petrol Rs 367.75 (+5.09), diesel Rs 392.67 (+17.16) — third daily revision.
- 11 September: Petrol Rs 370.80 (+3.05), diesel Rs 398.04 (+5.37) — fourth daily revision, current.
The biggest single-day move in the run was the diesel hike on 10 September, which was Rs 17.16 per litre and reflected a sharp move in international diesel prices in addition to the crude oil move. Petrol moved most sharply on 8 September, the first day of the new mechanism, at Rs 12.90 per litre.
How the daily-pricing mechanism works at the pump
Pakistan moved to a daily-pricing mechanism for petrol and high-speed diesel earlier in 2026. Under the new framework, Ogra is authorised to determine and announce ex-depot prices every 24 hours, without prior approval from the prime minister or the federal government. The mechanism is designed to pass through changes in international crude prices to Pakistani consumers more quickly, and to remove the lag between global moves and domestic pump prices that defined the old fortnightly and monthly revision cycle.
At the pump, the mechanism works as follows. Ogra calculates the ex-refinery import price using the average of international crude and product prices over the prior 24 hours. The Petroleum Levy (PL), the Customs Duty, the dealer margin, and the Oil Marketing Companies’ (OMC) margin are added on top. The result is the ex-depot price, which is the price at which OMCs sell to dealers. Dealers then sell at the same price to consumers, since the price is fixed countrywide.
The key operational change for dealers is that the price board at the pump now has to be updated every 24 hours, instead of every two weeks or every month. The price board software is typically set to auto-update from a central server, but the change is real for any dealer who has been operating under the old fortnightly mechanism.
What dealers should know about today’s revision
The 11 September revision is the fourth in five working days. The cumulative move has been Rs 26.62 for petrol and Rs 30.43 for diesel. The retail price on the price board should now read Rs 370.80 for petrol and Rs 398.04 for diesel across the country, with no variation between cities. The Hi-Octane (97 HOBC) price is Rs 380.00 per litre. Kerosene (SKO) and Light Diesel Oil (LDO) are revised separately under a fortnightly cycle.
The dealer margin and the OMC margin have not changed in the latest revision. The change in ex-depot prices is driven entirely by the change in the ex-refinery import price. In other words, the full impact of the global crude price move is being passed through to consumers, without any cushion from the federal government.
Why the global oil price is moving every day
Brent crude has been trading above $100 a barrel for the past several days, on track to close the week above $100 for the first time in nearly four months. US crude (WTI) is above $94 a barrel. UAE crude, the grade most relevant to Pakistan’s imports, is above $110 a barrel.
The proximate cause of the move was the US destruction of five Iranian oil tankers near the Kharg Island export hub over the weekend, in response to an attempted Iranian ballistic-missile strike on a US Navy warship in the Gulf of Oman. Iran retaliated by firing ballistic missiles at the US Al-Azraq base in Jordan, seizing a US submarine drone in the Strait of Hormuz, and warning all tanker crews near Kuwaiti and Bahraini piers to abandon their vessels. Houthi forces in Yemen attacked four Saudi Arabian cities, including the Jazan refinery.
Daily flows through the Strait of Hormuz remain at roughly 10 million barrels, but insurance premiums on tanker traffic through the strait have spiked, and many tankers are now running with their transponders switched off to avoid being targeted. Vitol Group, the world’s largest independent oil trader, confirmed at the Asia Pacific Petroleum Conference on 8 September that crude flows remain normal in volume but the operating environment has materially worsened.
What to expect tomorrow, 12 September
If the global crude price stabilises around the current level, the next 24-hour revision on 12 September is likely to be a small move, in either direction. If the global crude price continues to rise, the next revision is likely to be a further hike. The Iran-Israel-US war is currently the principal driver, and there is no diplomatic off-ramp in sight.
The new daily-pricing mechanism means the retail consumer now sees the full global move within 24 hours, in either direction. The benefits of a ceasefire, if and when one is reached, will also show up at the pump within 24 hours.
The bottom line for dealers and buyers
Petrol is Rs 370.80 per litre and diesel is Rs 398.04 per litre, effective 11 September 2026. The combined increase over the last five working days is Rs 26.62 for petrol and Rs 30.43 for diesel. The hikes are the result of the new daily-pricing mechanism, which is passing through the global crude price shock from the Iran-Israel-US war in the Middle East to Pakistani consumers in 24 hours. Brent crude is above $100 a barrel. The next revision is expected on 12 September.
What people are asking
What is the new petrol price in Pakistan today, 11 September 2026?
The new ex-depot price of petrol is Rs 370.80 per litre, up Rs 3.05 from Rs 367.75 per litre. The new ex-depot price of high-speed diesel is Rs 398.04 per litre, up Rs 5.37 from Rs 392.67 per litre. The new prices are effective 11 September 2026 and were issued by the Ministry of Energy (Petroleum Division) on Thursday night.
Has petrol crossed Rs 370 per litre for the first time?
Yes. The 11 September 2026 hike took petrol above Rs 370.80 per litre, crossing the Rs 370 mark for the first time in Pakistan’s history. Diesel has crossed Rs 398 per litre at the same time.
How many times has petrol been hiked in the last week?
Petrol has been hiked four times in the last five working days: Rs 12.90 on 8 September, Rs 5.58 on 9 September, Rs 5.09 on 10 September, and Rs 3.05 on 11 September. The combined increase is Rs 26.62 per litre, or roughly 7.7 per cent.
What is the Hi-Octane (97 HOBC) price?
Hi-Octane (97 HOBC) is Rs 380.00 per litre. The price is quoted per city by Pakistan State Oil (PSO), so check the local city table for your area.
What is the kerosene (SKO) and light diesel oil (LDO) price?
Kerosene (SKO) and Light Diesel Oil (LDO) are revised separately under a fortnightly cycle, not the daily cycle. The current SKO and LDO prices are revised only every two weeks. Check the Ogra notification for the current SKO and LDO prices in your area.
Why are the hikes coming every day?
Pakistan moved to a daily-pricing mechanism for petrol and high-speed diesel earlier in 2026. Under the new framework, Ogra is authorised to determine and announce ex-depot prices every 24 hours, without prior approval from the prime minister or the federal government.
What is the global crude oil price now?
Brent crude is above $100 a barrel. US crude (WTI) is above $94 a barrel. UAE crude, the grade most relevant to Pakistan’s imports, is above $110 a barrel. Brent is on track to close the week above $100 for the first time in nearly four months.
What is the connection to the Iran war?
The current run-up in global crude prices is driven by the Iran-Israel-US war in the Middle East. The US destroyed five Iranian oil tankers, Iran retaliated with ballistic-missile strikes on US bases in Jordan, and the Iranian Revolutionary Guard seized a US submarine drone in the Strait of Hormuz.
