Petrol price rises Rs1.12, diesel sees Rs1.11 hike per litre

Business Recorder reported that the federal government has raised petrol prices by Rs1.12 per litre and high-speed diesel by Rs1.11 per litre, with the revised rates applying from August 26 to August 27. The changes followed a notification from the Ministry of Energy's Petroleum Division, under which the Oil and Gas Regulatory Authority revised ex-depot rates on Tuesday under the existing pricing mechanism.

Petrol now costs Rs343.10 per litre, up from Rs341.98, while high-speed diesel has moved from Rs370.69 to Rs371.80 per litre. These rates stay in force until Thursday, as authorities keep adjusting fuel prices in step with shifts in overseas oil prices and other cost elements. The previous review on Monday had lifted petrol by Rs0.39 per litre and diesel by Rs2.40 per litre.

The notification confirms that the government is continuing its periodic fuel adjustments, with the Monday and Tuesday reviews falling within a few days of each other. Both sets of changes were applied under the same pricing framework.