Government Announces Marginal Cut in Petrol, Diesel Prices
At a glance
- Petrol price reduced by Rs 0.50 to Rs 342.60 per litre.
- High-speed diesel price cut by Rs 0.19 to Rs 371.61 per litre.
- The price includes Rs 80/litre in Petroleum Levy and Rs 5/litre in Climate Support Levy.
Story so far
The federal government has announced a slight reduction in petroleum product prices, effective August 28, 2026. The price of petrol was cut by Rs 0.50 to Rs 342.60 per litre, while high-speed diesel (HSD) was reduced by Rs 0.19 to Rs 371.61 per litre. This adjustment is part of a new daily price-fixing mechanism. The price includes significant taxes, with a Petroleum Levy of Rs 80 per litre and a Climate Support Levy of Rs 5 per litre on both fuels, in addition to customs duties and margins for dealers and oil marketing companies.
Latest development
The government has provided a breakdown of the components in the new fuel prices, confirming a Petroleum Levy of Rs 80 per litre and a Climate Support Levy of Rs 5 per litre on both petrol and diesel. The minor price reduction comes despite a reported decrease in international oil prices.
Latest updates
The new fuel prices include several fixed taxes and margins. According to the notification, a Petroleum Levy of Rs 80 per litre and a Climate Support Levy of Rs 5 per litre are being charged on both petrol and high-speed diesel.
Additionally, customs duty is set at Rs 20.65 per litre for petrol and Rs 15.68 per litre for HSD. Dealer margins are fixed at Rs 9.98 per litre, while Oil Marketing Companies' (OMCs) margins are Rs 7.87 per litre for both products.
The federal government has announced a slight reduction in petroleum product prices, effective August 28, 2026. The price of petrol has been cut by Rs0.50 per litre, dropping from Rs343.10 to a new price of Rs342.60.
Similarly, the price of high-speed diesel (HSD) has been reduced by Rs0.19 per litre, with the new rate set at Rs371.61, down from Rs371.80.
A notification from the Petroleum Division on August 27 confirmed the revised prices were determined through the government's pricing mechanism, which involves the Oil and Gas Regulatory Authority (OGRA).
Sources and updates
Big Relief ,Petrol Prices Reduced | Fuel Price Updates in Pakistan | Breaking News | BOL News
Petrol Price Decreased in Pakistan | Petrol Becomes Cheaper | Latest Petrol Price Update
Petrol and Diesel Prices Slightly Reduced in Pakistan | Breaking News | Dawn News
Petrol Price Cut by 50 Paisa Per Liter
7 more verified sources
- Petrol price cut by 50 paise, HSD’s by 19 paiseBusiness Recorder
- New Petrol, Diesel Prices in Pakistan for August 28Pakistan Observer
- Petrol Price in Pakistan Today: Govt Announces New Fuel Rates | Notification Issued | | Express NewsExpress News - Youtube
- Govt reduces petrol price by Rs0.50, diesel by Rs0.19Dawn News
- Petrol price cut by Re0.50, diesel by Re0.19 per litreBusiness Recorder
- Petroleum Prices Decreased! | Breaking News | Capital TVCapital TV - Youtube
- Petrol Prices Drop Today | Major Relief for Pakistanis | Breaking NewsSuno News - Youtube
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