Govt reduces petrol price by Re0.58, diesel by Re0.17 per litre

Business Recorder reported that the federal government has lowered petrol by Rs0.58 per litre and high-speed diesel (HSD) by Rs0.17 per litre for the coming three days. The Oil and Gas Regulatory Authority (OGRA) revised ex-depot prices on Friday, acting on a notification from the Ministry of Energy's Petroleum Division. This adjustment follows the state's existing framework for setting fuel rates.

Petrol now costs Rs342.02 per litre, down from Rs342.60, while HSD has eased to Rs371.44 from Rs371.61. These rates take effect on Saturday, August 29 and stay in force until Monday, August 31, 2026. The report ties these moves to the regular process of matching fuel rates with global oil price movements and wider cost drivers.

The preceding review on Thursday had reduced petrol by Rs0.50 per litre and HSD by Rs0.19 per litre. Both fuels have therefore fallen across two consecutive reviews, with petrol's latest cut larger and HSD's smaller than the Thursday reduction.