Govt increases diesel price by Rs1.64, petrol's by Re0.27 per litre

Business Recorder reported that from Friday, August 21, the federal government has lifted the price of high-speed diesel (HSD) by Rs1.64 per litre. Petrol is also dearer, though only by Rs0.27 a litre. The move was announced through a notification from the Ministry of Energy's Petroleum Division.

The Oil and Gas Regulatory Authority (OGRA) revised ex-depot rates on Thursday under the petroleum pricing mechanism. Petrol's ex-depot price now stands at Rs337.78 per litre, up from Rs337.51, while HSD has climbed to Rs364.70 from Rs363.06. The revised rates are set to remain in effect only until tomorrow, as they are tied to global crude markets and other cost factors.

In the previous review on Wednesday, diesel was cut sharply by Rs32.63 per litre, while petrol had become dearer by Rs2.97 a litre. Those two consecutive reviews show how often the rates are reset.