ISLAMABAD: Pakistan’s fuel prices moved in opposite directions on Wednesday, August 12, as petrol fell by Rs1.70 to Rs325.92 per litre and high-speed diesel rose by Rs1.39 to Rs382.25.
The Petroleum Division notification reduced petrol from Rs327.62 per litre. However, it increased high-speed diesel from Rs380.86 per litre.
The new rates apply for one day under Pakistan’s daily petroleum pricing system. The federal government had kept both prices unchanged in its previous review on Monday.
The Oil and Gas Regulatory Authority (OGRA) now calculates and publishes ex-depot petrol and diesel prices daily. Rates announced on Fridays remain effective throughout Saturday and Sunday.
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Federal Minister for Petroleum Ali Pervaiz Malik said the mechanism uses a seven-working-day average of international market prices. He said the system would improve transparency and pass global price movements to consumers more quickly.
The federal cabinet approved the transition from weekly to daily revisions in July. An official Petroleum Division statement said OGRA would publish daily pricing data and no longer require government approval for each working-day revision.
Under the framework, Pakistan State Oil will handle all high-speed diesel imports during fiscal year 2026-27. Oil marketing companies may import petrol based on their market share.
Companies that fail to meet import or refinery uplift commitments may lose new import allocations for nine months.
