Diesel price slashed Rs32.63, petrol gets Rs2.97 hike

Mettis Global reported that the Ministry of Energy's Petroleum Division has changed ex-depot fuel rates effective August 20, 2026. Petrol goes up Rs2.97 per litre to Rs337.51, while high-speed diesel drops Rs32.63 per litre to Rs363.06 from Rs395.69. The Oil and Gas Regulatory Authority issued the revised figures under the federal government's updated pricing mechanism. The new rates replace those notified for August 19, 2026.

The steep diesel reduction follows a government decision to cap the refinery margin on that fuel, agreed after concessions with refineries. According to the report, the margin is most likely to stay at 41 per cent, the rate set for three months during the war period. Prices under the current framework are computed and notified by OGRA on a daily basis.