MG Morning Breeze: Updates to Skim before Market

Motorists in Pakistan face higher fuel costs after the Petroleum Division of the Ministry of Energy revised ex-depot prices, effective September 9, 2026. According to Mettis Global's morning digest, high-speed diesel (HSD) rose by Rs4.18 per litre while petrol went up by Rs5.58 per litre.

Refiners have voiced sharp opposition to talk of another adjustment to the HSD pricing formula, arguing that repeated revisions might upset refinery work and erode confidence among investors. Oil prices also climbed for a third straight session on Tuesday and stayed close to six-week highs near $98, as US-Iran tensions fed fears of lasting disruption in the Middle East.

On the local bourse, the KSE-100 index ended Tuesday's session at 172,642.16 after shedding 993.91 points, a 0.57 per cent decline, as investors stayed wary of higher oil prices. For energy-sector investors, the price revision and the refiners' objections bring fuel policy and costs into sharper focus.