Despite the increase in global prices, the price of diesel …..

Admin.CEO 20 August, 2026News & Updates, Pakistan News

Despite the increase in global prices, the price of diesel in Pakistan fell to Rs 363.06.

Diesel users are finally getting a big break, while petrol users have once again been handed a slightly bigger bill. The government has announced a cut in High Speed Diesel (HSD) by Rs 32.63 per litre, bringing its price down from Rs 395.69 to Rs 363.06 from August 20, 2026. Petrol, meanwhile, moved in the opposite direction, increasing by Rs 2.97 per liter to Rs 363.06 from Rs 334.535.

The cut in diesel comes after talks between the government and petroleum refineries that saw diesel prices rise sharply amid rising international oil prices.

Petroleum Minister Ali Pervez Malik said that Prime Minister Shahbaz Sharif personally directed him to connect with refineries and provide relief to consumers. Depending on the country, the government held two or three virtual meetings with refinery representatives. Refineries reportedly explained the difficulties faced by the industry but eventually agreed to the government’s request.

The minister termed the result as a “significant reduction”, with the final cut over Rs 30 per liter and settled at Rs 32.63. For once, the math at the fuel station is working in the consumer’s favor, at least if the vehicle runs on diesel.

The controversial moves come against a backdrop of rising tensions in the Middle East, which have pushed up global petroleum prices and led to repeated hikes in Pakistan’s domestic diesel prices.

So the government’s latest decision presents an unusual combination: a big cut of Rs 32.63 for diesel, a hike of Rs 2.97 for petrol, and enough confusion at fuel stations to make everyone check the price board twice. The revised ex-depot prices will be effective from August 20, 2026 under the revised petroleum pricing mechanism by the Oil and Gas Regulatory Authority (OGRA).