Petrol price up by 27 paise, HSD’s by Rs1.64

Business Recorder reported that the Petroleum Division has announced nominal increases in petrol and High-Speed Diesel (HSD) prices effective August 21. The changes come as the levy on both fuels is now at its ceiling of Rs80 per litre. Diesel rises by Rs1.64 to Rs364.70 per litre, while petrol edges up 27 paise to Rs337.78 per litre.

Customs duty remains at Rs21 per litre on petrol and Rs15.68 on HSD, while the Climate Support Levy is unchanged at Rs5 per litre on each fuel. Oil marketing companies and dealers keep their margins at Rs7.87 and Rs8.64 per litre. The Economic Coordination Committee has approved a Rs1.34 per litre increase in the dealer margin from September 1, 2026, lifting it to Rs9.98, a step that defuses a strike threatened by the Pakistan Petroleum Dealers Association.

Petroleum Minister Pervaiz Malik credited local refineries with easing the burden through a Rs32 per litre reduction in diesel prices, welcoming their reply to the government's request. Under the daily pricing mechanism, the Oil and Gas Regulatory Authority (Ogra) revises retail rates based on exchange rate movements and a rolling seven-day average.