Government raises petrol price by Rs4.45, cuts diesel by Rs2

The federal government has announced a fresh revision in petroleum prices, increasing the cost of petrol while providing a slight reduction in the price of high-speed diesel.

The federal government has announced a fresh revision in petroleum prices, increasing the cost of petrol while providing a slight reduction in the price of high-speed diesel.

According to a notification issued by the Petroleum Division, the revised fuel prices came into effect on August 6 as part of the government’s regular fortnightly price adjustment mechanism, which is based on fluctuations in international oil markets and the exchange rate.

Under the latest revision, the price of petrol has been increased by Rs4.45 per litre, taking the new retail price to Rs333.10 per litre.

In contrast, the price of high-speed diesel (HSD) has been reduced by Rs2.00 per litre, bringing its new retail price down to Rs383.86 per litre.

The increase in petrol prices is expected to affect millions of private vehicle owners, motorcycle riders and commuters across the country, as petrol is the primary fuel used in passenger transport. Meanwhile, the modest reduction in diesel prices may provide limited relief to the transport and agriculture sectors, where diesel is widely used for heavy vehicles, machinery and irrigation equipment.

Petroleum prices in Pakistan are reviewed every two weeks, with adjustments reflecting movements in global crude oil prices, refined petroleum product premiums, freight costs and the rupee-dollar exchange rate. The government says the pricing mechanism is intended to align domestic fuel rates with international market trends while meeting fiscal commitments.

The latest adjustment comes at a time when international oil markets remain volatile amid geopolitical developments and shifting global supply expectations. Analysts believe future fuel prices will continue to depend on global crude oil trends and currency movements.