ISLAMABAD: The government has announced new prices for petroleum products, with the price of petrol reduced while diesel has become more expensive.
The Petroleum Division issued a notification on August 12 regarding the revised prices of petroleum products.
According to the notification, the price of petrol has been reduced by Rs1.70 per litre, bringing its new price to Rs325.92 per litre.
Meanwhile, the price of high-speed diesel (HSD) has increased by Rs1.39 per litre. Following the increase, diesel will now be available at Rs382.25 per litre.
The price of kerosene oil has been reduced by 27 paisas per litre, with its new price fixed at Rs289.68 per litre, according to the notification issued by the Oil and Gas Regulatory Authority (OGRA).
The government has also revised the petroleum levy applicable to diesel.
The petroleum levy on diesel has been increased by Rs2 per litre, bringing the levy to Rs76.28 per litre.
The levy on petrol, however, has been maintained at Rs80 per litre.
Similarly, the petroleum levy on kerosene oil has remained unchanged at Rs20.36 per litre.
The latest revision means consumers will see a mixed impact on fuel prices, with petrol and kerosene becoming slightly cheaper while diesel becomes more expensive.
Diesel is widely used by the transport, agriculture and industrial sectors, meaning changes in its price can have a broader impact on transportation and production costs.
The revised prices have been announced by the government following the latest review of petroleum prices and related costs.
The changes are expected to influence transportation expenses and, indirectly, the prices of goods and services across the country.
According to the notification, the new prices are as follows:
- Petrol: Rs325.92 per litre — down Rs1.70
- High-Speed Diesel: Rs382.25 per litre — up Rs1.39
- Kerosene Oil: Rs289.68 per litre — down 27 paisas
The government has kept the petrol levy at Rs80 per litre and the kerosene levy at Rs20.36 per litre, while increasing the diesel levy to Rs76.28 per litre.
The latest adjustment comes amid continued volatility in international oil markets, where crude prices have recently moved higher.
Changes in global crude prices, the exchange rate and petroleum-related taxes and levies are among the factors considered when determining domestic fuel prices.
The new rates are expected to be reflected at petrol stations across Pakistan following the issuance of the official notification.
About The Author
