The federal government has announced a reduction in the prices of petroleum products, with the revised rates set to take effect from August 5, 2026, according to a press release issued by the Ministry of Energy (Petroleum Division).
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The notification states that the Oil and Gas Regulatory Authority (OGRA), under the revised petroleum pricing mechanism approved by the federal government, has revised the ex-depot prices of petroleum products.
Under the new rates, the price of Motor Spirit (petrol) has been reduced by Rs3.39 per litre, bringing the price down from Rs331.95 to Rs328.56 per litre.
Similarly, the price of High Speed Diesel (HSD) has been decreased by Rs4.07 per litre, lowering the rate from Rs389.93 to Rs385.86 per litre.
The revised prices will come into effect from 12:00 a.m. on August 5, 2026, and will remain applicable until the next price review, unless revised earlier by the government.
The Petroleum Division said OGRA made the latest adjustment under the revised petroleum pricing mechanism approved by the federal government.
The latest reduction follows another cut announced only a day earlier. From August 4, petrol had been priced at Rs331.95 per litre, while HSD was available at Rs389.93 per litre.
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With the latest adjustment, both major petroleum products have recorded another decline in their official ex-depot prices.
The reduction in petrol prices is expected to provide some relief to motorists, while the lower HSD price could help reduce fuel costs for transport and logistics operators.
