Petrol Prices Rise, HSD Drops; Jamaat-e-Islami Protests Inflation
At a glance
- Petrol price increased by Rs 4.45 to Rs 333.01 per litre, effective August 6.
- High-Speed Diesel (HSD) price reduced by Rs 2 to Rs 383.86 per litre.
- Jamaat-e-Islami Women's Wing protested against inflation and fuel price hikes on August 6.
Story so far
The government officially announced new petroleum prices effective August 6, with petrol increasing by Rs 4.45 per litre to Rs 333.01, and High-Speed Diesel (HSD) decreasing by Rs 2 per litre to Rs 383.86. The Oil and Gas Regulatory Authority (Ogra) is now responsible for daily price revisions. The All Pakistan Goods Transporters Alliance has announced a wheel jam strike for August 8, demanding a reduction in diesel taxes and a return to July 1 fuel prices. The All Pakistan Dealers Association previously rejected the move to daily pricing. In response to the price adjustments and inflation, the Jamaat-e-Islami Women's Wing held a protest rally in Rawalpindi on August 6 and supports a nationwide protest on August 7.
Latest development
The Jamaat-e-Islami Women's Wing staged a protest rally in Rawalpindi on August 6, condemning the recent increase in petroleum prices and overall inflation. The group also announced its support for a nationwide protest scheduled for August 7.
Latest updates
The Jamaat-e-Islami Women's Wing held a protest rally in Rawalpindi on August 6 against rising inflation and petroleum price hikes. The wing's president, Samina Ehsan, announced their support for a nationwide protest called by the Ameer Jamaat-e-Islami for August 7. The protest highlighted the increasing prices of essential goods and the burden of petroleum levy and indirect taxes on the public, demanding a reduction in petroleum product prices and the petroleum levy.
The government has officially issued a notification detailing the new petrol and High-Speed Diesel prices, effective from August 6.
The Ministry of Energy (Petroleum Division) announced an increase in the ex-depot price of petrol by Rs4.45 per litre, raising it from Rs328.56 to Rs333.01. Concurrently, the price of High-Speed Diesel (HSD) decreased by Rs2.00 per litre, moving from Rs385.86 to Rs383.86, effective from August 6.
The Oil and Gas Regulatory Authority (Ogra) updates fuel tariffs daily based on Singapore Platts trends from the last seven working days and currency exchange movements. The All Pakistan Goods Transporters Alliance has announced a wheel jam strike for August 8, demanding a reduction in diesel taxes and a return to July 1, 2024 fuel price levels.
The petroleum levy remains unchanged at Rs80 per litre on petrol but increased on HSD from Rs70.82 to Rs72.26. The Climate Support Levy (CSL) is maintained at Rs5, while Custom Duty is set at Rs21 on petrol and Rs15.68 on HSD.
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