Petrol, Diesel prices rise as govt announces fresh fuel rates

According to a notification issued by the Petroleum Division of the Ministry of Energy, the price of petrol has gone up by 45 paisa per litre, while high-speed diesel

ISLAMABAD: The federal government has increased prices of both petrol and high-speed diesel (HSD), citing adjustments under the country’s petroleum pricing mechanism.

According to a notification issued by the Petroleum Division of the Ministry of Energy, the price of petrol has gone up by 45 paisa per litre, while high-speed diesel has become Rs1.16 more expensive per litre.

Following the latest revision, petrol will now cost Rs325.43 per litre, compared with the previous rate of Rs324.98. The price of high-speed diesel has risen from Rs382.79 to Rs383.95 per litre.

The revised rates were determined after the Oil and Gas Regulatory Authority (OGRA) reviewed petroleum product prices in line with the government’s pricing framework, which takes international oil market movements and other relevant costs into account.

The latest increase comes shortly after the previous price review, when the government raised the HSD rate by 54 paisa per litre while reducing petrol prices by 94 paisa per litre.

The new prices will apply from Friday, August 14, as the government continues its periodic adjustments to petroleum rates in response to changes in global energy markets and domestic cost factors.