Govt hikes petrol by Rs5.77, high-speed diesel by 6.47 for Aug 18
The Pakistani government has increased the prices of petrol and high-speed diesel for mid-August. This adjustment is part of a daily fuel price review mechanism intended to align domestic costs with volatile international oil markets.
Why it matters
Rising fuel costs directly impact Pakistan's import bill and contribute to national inflation, highlighting the country's economic vulnerability to global energy prices.
--> Home Pakistan Govt hikes petrol by Rs5.77, high-speed diesel by 6.47 for Aug 18 Petrol now costs Rs331.2 while HSD costs Rs390.42
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> As the city runs on fumes, motorcyclists line up at a petrol pump in Karachi, waiting their turn amid surge in fuel prices. Photo: Jalal Qureshi / Express The federal government on Monday increased the price of petrol and high-speed diesel (HSD) by Rs5.77 and Rs6.47, respectively, for August 18.
A notification from the Petroleum Division said the petrol price was now Rs331.2 while HSD cost Rs390.42 per litre.
On July 17, the government introduced a daily fuel price review mechanism amid volatility in global oil prices following renewed hostilities in the Middle East.
The daily fuel prices are based on a seven-day average of international market rates to align with international standards.
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