The federal government has marginally reduced the prices of petrol and high-speed diesel (HSD) under Pakistan’s daily petroleum pricing mechanism, with the revised rates taking effect from Saturday, August 1, and remaining in force until Monday, August 3, 2026.

According to a notification issued by the Oil and Gas Regulatory Authority (OGRA) after federal government approval, the price of petrol has been reduced by 12 paise per litre, bringing the new ex-depot price down from Rs336.15 to Rs336.03 per litre.

The price of high-speed diesel has been cut by 66 paise per litre, lowering its ex-depot price from Rs393.04 to Rs392.38 per litre.

The new prices will remain in effect until Monday, in line with the government’s ongoing practice of adjusting fuel prices based on international oil markets and other cost factors.

The latest adjustment comes a day after the government increased petrol prices by Rs1.09 per litre and diesel prices by Rs2.42 per litre, following several consecutive revisions linked to fluctuations in global oil prices.

With the latest reduction, petrol prices remain Rs25.22 per litre higher than they were two weeks ago, while diesel prices are still Rs69.08 per litre above their level during the same period.

Pakistan recently replaced its weekly petroleum pricing system with a daily mechanism, under which OGRA determines ex-depot fuel prices using a rolling seven-day average of international oil prices.

Petroleum Minister Ali Pervaiz Malik has said the new system allows domestic fuel prices to reflect global market movements more quickly while improving transparency in petroleum pricing.