Pakistan’s government increases fuel prices for July 31, raising petrol by Rs1.09 per litre and high-speed diesel (HSD) by Rs2.42 per litre. After the revision, petrol is set to retail at Rs336.15 per litre and HSD at Rs393.04 per litre, according to the Petroleum Division’s notification. The change follows earlier adjustments under a revised system for frequent pricing revisions as international prices fluctuate. The outlets report that the government also continues to apply taxes and duties of Rs110 per litre on petrol and Rs96 per litre on diesel. Previous reports for July 30 and July 29 show petrol and HSD were also adjusted upward on those dates, with petrol and diesel rates moving incrementally within the new pricing pattern. The announcements are part of the government’s approach to respond to volatility in global fuel markets amid regional geopolitical developments, which have affected international oil prices. The timing of price changes is set for the stated dates, with the July 31 prices applying from July 31 (Friday).
Pakistan raises petrol by Rs1.09 and HSD by Rs2.42 for July 31
Pakistan’s government increases fuel prices for July 31, raising petrol by Rs1.09 per litre and high-speed diesel (HSD) by Rs2.42 per litre. After the revision, petrol is set to retail at Rs336.15 per...
- The government increases petrol by Rs1.09 per litre for July 31.
- The government increases HSD (high-speed diesel) by Rs2.42 per litre for July 31.
- Petrol price after the increase is Rs336.15 per litre; HSD is Rs393.04 per litre.
- Taxes and duties continue at Rs110 per litre on petrol and Rs96 per litre on diesel.
- Earlier price updates for July 29 and July 30 show continued daily/near-daily adjustments under the new system.
The government on Thursday increased the prices of petrol and high-speed diesel (HSD) by Rs1.09 and Rs2.42 per litre, respectively. Following the revision, petrol will retail at Rs336.15 per litre, while HSD will cost Rs393.04 per litre. The government continues to levy Rs110 per litre in taxes and duties on petrol and Rs96 per litre on diesel. The Petroleum Division’s notification said the new prices would be applicable for July 31 (Friday). The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends. The daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan this week. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Petrol and HSD are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.
1 hour agoIncreases the price of petrol to Rs336.15 per litre and HSD to Rs393.04 per litre
6 hours agoLatest change in prices takes petrol to Rs335.06 per litre and HSD to Rs390.62 under the new system
1 day agoIncreases the price of petrol to Rs335.81 per litre and HSD to Rs388.38 per litre
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