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Govt cuts petrol price by Rs1.70, raises high-speed diesel by Rs1.39

Pakistan's government has announced a mixed fuel price adjustment, cutting petrol by Rs1.70 per litre while raising high-speed diesel by Rs1.39, effective August 12. The move comes amid fluctuating international oil prices and a shift to daily price reviews, which has drawn opposition from dealers.

By Tertius News AI Desk 1 outlet · 5 articles Version 1 Coverage Jul 29 – Aug 11, 2026 Published Aug 14

Fuel Price Adjustment

The Pakistani government has announced a differential adjustment in fuel prices, reducing the price of petrol by Rs1.70 per litre while increasing the price of high-speed diesel (HSD) by Rs1.39 per litre. Following the revision, petrol will retail at Rs325.92 per litre, while HSD will cost Rs382.25 per litre. The new prices will be applicable on August 12, according to a notification from the Petroleum Division.

The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on HSD.

This adjustment reflects a broader pattern of frequent fuel price changes in response to fluctuating international market prices. In recent weeks, the government has made several revisions, with the most recent adjustments affecting both petrol and diesel prices.

Coverage Comparison

All reporting on this story comes from Dawn, which has provided extensive coverage of the fuel price revisions. The reports highlight that the government had been announcing weekly fuel price revisions since early March, but has now moved to a daily pricing mechanism due to renewed hostilities in the Middle East and their impact on global oil prices.

According to Dawn's coverage, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends.

This daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan.

Key Claims

The government reduced petrol prices by Rs1.70 per litre and increased HSD prices by Rs1.39 per litre, effective August 12.
Petrol will retail at Rs325.92 per litre, and HSD at Rs382.25 per litre.
The government levies Rs114 per litre in taxes and duties on petrol and Rs100 per litre on HSD.
Prior to this adjustment, the government had implemented several other price changes within a short span, including a reduction of Rs0.12 per litre on petrol and Rs0.66 per litre on HSD effective August 1-3, and earlier increases of Rs1.09 per litre on petrol and Rs2.42 per litre on HSD effective July 31.
The price of HSD has come down from a peak of Rs520.35 recorded on April 3, while petrol had peaked at Rs458.41 on April 3, after the US-Iran war broke out on February 28.
In a separate development, the Oil and Gas Regulatory Authority (Ogra) notified a record 32% increase in the price of regasified liquefied natural gas (RLNG) for August, taking it to $25.83 per mmBtu for SNGPL and $25.09 per mmBtu for SSGCL. This translates into a retail price of Rs7,204 per mmBtu.
The RLNG price increase is the single biggest jump in its decade-long history, driven by the need to purchase imported cargoes from the spot market after no shipment could be secured from Qatar due to the US-Iran conflict.

Perspectives

The government, through the Petroleum Division's notifications, maintains that the price revisions are necessary to reflect fluctuations in international market prices. Petroleum Minister Ali Pervaiz Malik has emphasized the shift to daily pricing to respond to market conditions.

The All Pakistan Dealers Association has rejected the daily pricing decision and indicated it would consider a protest plan, reflecting concern among fuel dealers about the new mechanism.