ISLAMABAD: The prices of petroleum products are expected to change in Pakistan from August 16, 2025 with diesel likely to become cheaper and petrol slightly costlier.
According to media reports, the price of high-speed diesel (HSD) may fall by about Rs11.50 to Rs11.75 per litre, while petrol could increase by around Rs1.30 to Rs1.40 per litre. The expected revision is linked to fluctuations in global oil prices and the rupee’s movement against the dollar.
Reports said that, based on current tax rates, the ex-depot price of diesel may decline by nearly 4 percent, while petrol could edge up by about 0.5 percent.
In the international market, petrol prices rose by 15 cents per barrel during the past fortnight, while diesel prices fell by about $4.5 per barrel. The rupee also gained slightly against the dollar, which helped ease the diesel cost.
At present, petrol is sold at Rs264.61 per litre after a Rs7.54 cut on August 1. Before that, its price had gone up by Rs20 per litre in four consecutive fortnights since May 15. Petrol is mainly used in cars, motorcycles, rickshaws and small vehicles, directly affecting the daily budgets of middle- and lower-income families.
— ALSO READ —
SUPARCO issues Rabi-ul-Awwal moon sighting forecast
High-speed diesel is currently priced at Rs285.83 per litre. Since May 15, its price has risen by nearly Rs27 per litre, with only a small cut of Rs1.48 earlier this month.
Diesel is widely used in transport, agriculture and goods movement, and any price change directly impacts inflation. Higher diesel rates have already pushed up transport fares and the prices of vegetables and essential goods, while fares rarely drop when fuel prices come down.
The prices of kerosene and light diesel oil (LDO) are also likely to decrease by about Rs6 to Rs7 per litre.
Additional market data shows that WTI crude oil futures dropped to $62.7 per barrel, the lowest in more than two months, after the International Energy Agency forecast a growing oil surplus this year and next.
Inventories are expected to rise at a record pace and reach a 46-month high by June 2026. US oil production is projected to peak this year before declining in 2026 due to efficiency gains at existing wells.
— ALSO READ —
Balochistan bans public transport from 5pm to 5am
A US industry report also showed a slight increase in stockpiles last week, while traders are watching the upcoming US–Russia summit in Alaska, where talks on ending the Ukraine war could affect future sanctions on Russian oil.
If approved, the new price of HSD may settle around Rs274.08 per litre, down from Rs285.83, while petrol (Mogas) could reach Rs265.93 per litre, slightly up from Rs264.61. The price of LDO is expected to drop to about Rs163 per litre from Rs170.36.
It should be noted that the final decision will be sent to the Ministry of Petroleum by OGRA, after which the new prices of petroleum products will be announced. The Finance Minister will make the final announcement of the new prices in consultation with the Prime Minister.
