The government has reduced the price of petrol by Rs1.70 per litre while increasing the price of high-speed diesel (HSD) by Rs1.39 per litre under the daily petroleum pricing mechanism.
Following the latest revision, petrol will now cost Rs325.92 per litre, while the price of high-speed diesel has increased to Rs382.25 per litre.
The revised prices have been fixed for August 12 following a notification issued by the Oil and Gas Regulatory Authority (OGRA).
The latest adjustment comes after the government had earlier decided to keep petrol and high-speed diesel prices unchanged. The decision reflects the continued adjustments being made under the country’s petroleum pricing mechanism.
Petrol Price Reduced
Under the latest notification, the price of petrol has been reduced by Rs1.70 per litre.
Petrol will now be available at Rs325.92 per litre, compared with the previous price of Rs327.62 per litre.
The reduction is expected to provide some relief to motorists, particularly those who rely on petrol-powered cars and motorcycles for their daily transportation.
Although the decrease is relatively small, fuel price changes can have a direct impact on household budgets, especially for consumers who regularly commute over long distances.
Petrol prices also remain closely linked to transportation expenses and the overall cost of mobility in the country.
Diesel Price Increased
While petrol users received a reduction, consumers dependent on high-speed diesel will have to pay more.
The government has increased the price of HSD by Rs1.39 per litre, taking it from Rs380.86 to Rs382.25 per litre.
Diesel is widely used by commercial vehicles, buses, trucks, agricultural machinery and other heavy transport. As a result, changes in diesel prices can have a broader impact on businesses and consumers.
Higher diesel costs can increase transportation and logistics expenses, potentially adding pressure to the prices of goods that are moved across the country.
The agricultural sector may also be affected because diesel is commonly used for tractors, tube wells and other machinery.
Previous Price Decision
The latest revision follows a decision announced earlier on Monday, when the government had opted to keep the prices of petrol and high-speed diesel unchanged.
At that time, the Petroleum Division issued a notification confirming that petrol would remain at Rs327.62 per litre, while high-speed diesel would continue to be sold at Rs380.86 per litre.
The decision had provided temporary price stability for consumers amid changes in petroleum levies and other factors affecting fuel prices.
However, the subsequent revision resulted in different movements for the two major petroleum products, with petrol becoming cheaper and diesel becoming more expensive.
Impact on Consumers
The mixed adjustment is likely to have different effects on various sections of the economy.
Private motorists and motorcycle users will benefit from the reduction in petrol prices, although the impact on their overall monthly fuel expenses will remain limited because of the relatively small decrease.
On the other hand, businesses that rely heavily on diesel could face additional operating costs.
Transport companies, freight operators and public transport providers may see their fuel expenses rise following the increase in HSD prices. Any sustained increase in transportation costs can eventually influence the prices of goods and services.
Daily Petroleum Pricing Mechanism
The latest changes have been introduced under the government’s daily petroleum pricing formula, which allows fuel prices to be adjusted in response to market conditions.
International petroleum prices, exchange rate movements, domestic petroleum levies and other relevant factors can influence the final price paid by consumers.
The pricing mechanism is intended to ensure that domestic fuel prices reflect changes in the broader energy market.
For consumers, however, frequent price adjustments can make household budgeting more difficult, particularly when international oil prices remain volatile.
New Fuel Prices
With the latest revision, petrol will now be sold at Rs325.92 per litre, reflecting a reduction of Rs1.70.
Meanwhile, high-speed diesel will cost Rs382.25 per litre, following an increase of Rs1.39.
The latest decision therefore provides limited relief to petrol consumers while increasing costs for diesel users.
The government is expected to continue monitoring market conditions and other factors affecting petroleum prices as it manages the country’s fuel pricing mechanism.
For motorists and businesses, the latest adjustment highlights the continued importance of petroleum prices in determining transportation, agricultural and commercial costs across Pakistan.
Also read: Petrol, Diesel Prices Cut Again in Pakistan
