Petrol price cut by Rs1.70, HSD rises Rs1.39

Petrol was cut by Rs1.70 a litre, bringing it to Rs325.92 with effect from August 12, 2026, according to Mettis Global. At the same time, high speed diesel was raised by Rs1.39 a litre, taking its price to Rs382.25. The revised rates were notified by the Oil and Gas Regulatory Authority (OGRA) in its daily price review.

The revision followed a press release from the Ministry of Energy's Petroleum Division, which linked the change to a revised pricing framework set by the federal government. Under that mechanism, OGRA works out and notifies fuel rates each day. Petrol had been priced at Rs327.62 on August 11, while diesel stood at Rs380.86 on that date, so both moves were measured against those levels.