Govt increases diesel price by Re0.54, cuts petrol's by Re0.94 per litre

Diesel, formally called High Speed Diesel (HSD), will cost Rs0.54 more per litre, while petrol falls by Rs0.94 per litre, with both changes applying from Thursday, August 13. Business Recorder reported that the new rates were announced in a notice from the Petroleum Division under the Energy ministry. The Oil and Gas Regulatory Authority revised the ex-depot figures on Wednesday under the country's petroleum pricing mechanism.

Petrol's ex-depot price now stands at Rs324.98 per litre, down from Rs325.92, while HSD rises to Rs382.79 from Rs382.25 per litre. Business Recorder added that the rates hold until tomorrow, consistent with the authorities' habit of recalculating fuel costs against global oil trading and further expenses. The previous review on Tuesday followed a similar pattern, with diesel up by Rs1.39 and petrol down by Rs1.70 per litre.