The federal government has decided to keep petroleum product prices unchanged for the next three days, with petrol and high-speed diesel (HSD) rates to remain at their current levels until August 17.

The Petroleum Division said on Saturday that no change would be made to petrol and diesel prices over the weekend. A fresh revision will be announced on August 18.

According to a Petroleum Division spokesperson, the Oil and Gas Regulatory Authority (OGRA) did not conduct its latest price review due to the official Independence Day holiday. As a result, the existing prices will remain in effect for the next three days.

Petrol will continue to be sold at Rs325.43 per litre, while HSD will remain priced at Rs383.95 per litre.

Latest price adjustment

The current rates were notified by OGRA on Thursday following government approval. Petrol was increased by 45 paise per litre, from Rs324.98 to Rs325.43, while the price of HSD rose by Rs1.16 to Rs383.95 per litre.

The revised rates took effect from midnight on August 14.

The adjustment came a day after the government reduced the petrol price by 94 paise per litre but increased HSD by 54 paise. Before that revision, petrol was priced at Rs325.92 per litre and HSD at Rs382.25.

Petroleum prices have undergone several revisions in recent weeks following the government’s shift from a weekly to a daily pricing mechanism.

Under the new system, OGRA calculates ex-depot prices using a rolling seven-day average of international oil prices, exchange rate movements and other cost components before submitting its recommendations to the federal government for approval.

The daily pricing mechanism is intended to allow domestic fuel prices to respond more quickly to fluctuations in international oil markets and other cost factors.