High-speed diesel (HSD) prices are expected to increase by up to Rs40 per litre, while petrol may become costlier by around Rs10 per litre in Pakistan's upcoming fortnightly petroleum price review effective July 18, 2026, according to preliminary estimates.

The anticipated increase follows a sharp rise in international oil prices amid renewed geopolitical tensions in the Middle East, which have pushed up global crude prices. Final price adjustments will depend on the remaining international price assessments before the government announces revised petroleum prices.

Officials said the government is considering reducing the petroleum levy to partially cushion the impact on consumers, although no final decision has been made.

Meanwhile, authorities have raised concerns over reports of diesel hoarding in parts of the country as some dealers anticipate higher prices. The issue was reviewed by the National Committee on Monitoring and Coordination (NCMC), where officials noted an unusual surge in fuel sales during the first half of July, suggesting possible stockpiling rather than normal consumption.

The committee directed the Oil and Gas Regulatory Authority (OGRA) to intensify market monitoring and enforcement, while provincial governments were asked to take action against hoarding and artificial shortages.

Officials emphasized that Pakistan's overall petroleum stocks remain adequate and urged consumers to avoid panic buying, assuring that oil marketing companies have been instructed to maintain uninterrupted fuel supplies across the country.