ISLAMABAD: Petrol prices have come down again, while diesel is getting costlier — the latest adjustment under Pakistan’s new daily fuel pricing mechanism.
The Petroleum Division notified on Tuesday that high-speed diesel (HSD) will now cost Rs360.06 per litre, up by Rs5.71 from the previous rate. Petrol, on the other hand, has been trimmed by 35 paisas, bringing its price down to Rs315.80 per litre.
Officials said the revised rates were finalized on the recommendation of the Oil and Gas Regulatory Authority (OGRA) and will apply from July 21 until the next daily review.
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Pakistan recently moved away from its long-standing fortnightly fuel price review, switching instead to a daily pricing mechanism. Under this system, rates can shift every single day based on movements in international oil prices and the rupee’s exchange rate. The government maintains that the change will make local fuel prices track global trends more closely and in real time.
