ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased the petrol price and diesel rate for one day, according to a notification issued on Monday.
The petrol price has been increased by Rs5.77 per litre, taking the new price to Rs331.20 per litre.
The price of high-speed diesel has been raised by Rs6.47 per litre. Following the increase, diesel will now cost Rs390.42 per litre.
The government has notified the new petroleum prices and will remain applicable for the notified period.
Earlier, petroleum dealers in Pakistan had maintained their decision to close petrol stations nationwide on Saturday, 15 August, after dialogues with the government failed to resolve their concerns.
Representatives of the Pakistan Petroleum Dealers Association held talks with the Ministry of Petroleum on Wednesday, 12 August 2026.
The talks, led by the Federal Petroleum Minister Ali Pervaiz Malik, lasted around five hours but ended without an agreement.
Sources said the minister expressed dissatisfaction with the dealers’ 72-hour ultimatum to the government.
The dealers said the government had refused to change the system of daily adjustments to petrol prices. However, they said the government had agreed to consider an increase of Rs.1.34 in dealers’ margins.
According to the association, any increase in the dealers’ margin would require approval from the federal cabinet.
Following the failure of the negotiations with the government, and against the behavior of the federal petroleum minister, the dealers’ delegation decided to return to Karachi.
The association has also called an emergency meeting of its executive committee in Karachi to discuss the next steps.
It said the planned nationwide closure of petrol stations on Saturday remained in place, while the final strategy for the strike would be decided at the executive committee meeting.