The federal government has revised petroleum product prices for August 20, with petrol becoming costlier by Rs2.97 per litre while the price of high-speed diesel (HSD) has been reduced by Rs32.63 per litre.
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According to a press release issued by the Petroleum Division on Wednesday, the revised prices were notified under the federal government’s revised petroleum pricing mechanism following recommendations by the Oil and Gas Regulatory Authority (OGRA).
Under the new rates, the price of petrol (Motor Spirit) has increased from Rs334.54 to Rs337.51 per litre, reflecting an increase of Rs2.97.
Meanwhile, the price of high-speed diesel has been cut from Rs395.69 to Rs363.06 per litre, representing a significant reduction of Rs32.63.
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The revised prices will take effect from August 20, 2026, according to the Petroleum Division.
The government said the latest revisions were made in accordance with the revised petroleum pricing mechanism.
Earlier in the day, the government has announced a major reduction in the price of high-speed diesel, with Petroleum Minister Ali Pervez Malik saying the price will be cut by Rs30 to Rs32 per litre.
Speaking at a press conference alongside Information Minister Attaullah Tarar, the petroleum minister said the official notification for the reduction was expected to be issued within hours.
Ali Pervez Malik said the government was working with oil refineries to provide significant relief to consumers amid rising international petroleum prices.
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The minister said the ongoing war had created serious difficulties for people and that the government was taking steps to reduce the impact on consumers.
He said international oil prices had risen sharply due to the intensity of the conflict, while refined petroleum products had also become considerably more expensive in global markets.
According to the minister, diesel availability had also emerged as an issue in Russia amid the conflict. Pakistan, however, produces a significant portion of its diesel domestically through local refineries.
