Petrol Price Cut by Rs4.08, Diesel by Rs2.45 Per Litre
At a glance
- Petrol price reduced by Rs4.08 to Rs331.95 per litre.
- High-speed diesel price cut by Rs2.45 to Rs389.93 per litre.
- New prices are effective from August 4, 2026.
Story so far
Global oil prices experienced a significant decrease following reports of US-Iran negotiations and a decision by US President Donald Trump to call off a planned attack on Iran. This led to a public expectation of reduced domestic fuel prices in Pakistan. Consequently, the government has adjusted fuel prices, with petrol and high-speed diesel seeing reductions. The government had previously announced daily pricing for fuel due to international market fluctuations, a decision that faced opposition from the All Pakistan Dealers Association.
Latest development
The government has announced a reduction in petrol prices by Rs4.08 per litre and high-speed diesel (HSD) by Rs2.45 per litre, effective August 4, 2026. This brings the new price of petrol to Rs331.95 per litre and HSD to Rs389.93 per litre.
Latest updates
The Pakistani government has reduced the price of petrol by Rs4.08 per litre and high-speed diesel (HSD) by Rs2.45 per litre, effective August 4, 2026. Following this revision, petrol will retail at Rs331.95 per litre, and HSD will cost Rs389.93 per litre.
The government on Monday slashed the prices of petrol by Rs4.08 and high-speed diesel (HSD) by Rs2.45 per litre. Following this revision, petrol will now retail at Rs331.95 per litre, and HSD will cost Rs389.93 per litre. These new prices are applicable from August 4. The Petroleum Division's notification confirmed the reduction, attributing it to falling international oil prices after US President Donald Trump called off a planned attack on Iran.
Global oil markets experienced a further sharp downturn following US President Donald Trump's announcement of continued negotiations with Iran. International benchmark Brent crude fell by nearly 4.2% to approximately $84 per barrel, while US benchmark West Texas Intermediate (WTI) plunged 5% to $80 per barrel, later extending losses to $78.97 per barrel. Brent eventually settled at $82.92 per barrel. UAE’s Murban crude also dropped to $80.08 per barrel. Amidst these developments, there is speculation that petrol prices in Pakistan could decrease by Rs3-5 per litre, though the final decision rests with the federal government. Currently, petrol remains at Rs336.03 per litre and High-Speed Diesel (HSD) at Rs392.38 per litre.
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