New petrol and diesel prices announced for August 1–3

The federal government has announced a slight reduction in the prices of petrol and high-speed diesel, issuing a fresh notification through the Ministry of Energy (Petroleum Division).

The federal government has announced a slight reduction in the prices of petrol and high-speed diesel, issuing a fresh notification through the Ministry of Energy (Petroleum Division). The revised fuel prices will come into effect from August 1, 2026, and will remain applicable until August 3, 2026.

According to the official notification, the Oil and Gas Regulatory Authority (OGRA) determined the new petroleum product prices under the pricing mechanism approved by the federal government. The latest revision provides modest relief to consumers amid fluctuating international oil prices.

Under the new rates, the price of petrol has been reduced by 12 paisa per litre, bringing the new price to Rs. 336.03 per litre. Previously, petrol was being sold at Rs. 336.15 per litre.

Similarly, the price of high-speed diesel (HSD) has been cut by 66 paisa per litre. The revised price has been set at Rs. 392.38 per litre, compared with the previous rate of Rs. 393.04 per litre.

Although the reductions are relatively small, they reflect the government’s periodic review of petroleum prices based on recommendations from OGRA and prevailing market conditions. Fuel prices in Pakistan are reviewed regularly, taking into account changes in international crude oil prices, exchange rate fluctuations, and applicable taxes and levies.

Petrol is widely used by private vehicles, motorcycles, and small transport operators, while high-speed diesel is the primary fuel for heavy transport, agriculture, and industrial machinery. Any change in fuel prices can have a direct impact on transportation costs, inflation, and the prices of essential goods.

The Ministry of Energy stated that the revised prices have been implemented in accordance with the government’s petroleum pricing policy. Consumers across the country will pay the new rates at fuel stations from August 1.

The latest price adjustment comes as authorities continue to monitor global energy markets and domestic economic conditions. Future revisions will depend on international oil price trends, currency movements, and recommendations made by OGRA under the government’s approved pricing mechanism.