MG Morning Breeze: Updates to Skim before Market

Mettis Global reported that the Ministry of Energy's Petroleum Division has revised ex-depot prices for petroleum products, effective August 20, 2026. Petrol goes up by Rs2.97 per litre, while High-Speed Diesel (HSD) comes down by Rs32.63 per litre. The diesel cut is far larger than the petrol increase in the same revision.

The two fuels therefore move in opposite directions under one revision, leaving petrol and diesel with very different price trends. Both changes take effect from the same date, August 20, 2026.

Mettis Global also reported that Prime Minister Muhammad Shehbaz Sharif has directed Petroleum Minister Ali Pervaiz Malik to go to Karachi and negotiate with refineries. The aim is to look at ways to bring down locally made diesel prices and offer consumers quick relief.