Petrol price cut by 58 paisa, diesel down 17 paisa

Mettis Global reported that the Ministry of Energy's Petroleum Division has lowered the ex-depot prices of high-speed diesel and petrol, effective August 29, 2026. High-Speed Diesel (HSD) is cut by Rs0.17 per litre, while motor spirit (petrol) falls by Rs0.58 per litre. The move was based on the revised framework set by the federal government for petroleum pricing.

The Oil and Gas Regulatory Authority (OGRA) worked out new rates for August 29, bringing diesel to Rs371.44 per litre from Rs371.61 and petrol to Rs342.02 from Rs342.60. Under the current system, the regulator calculates and announces fuel rates every day. Both fuels were priced higher on August 28, the date of the previous notification. Motor spirit and high-speed diesel are the two products covered in this notification.