Summary The government has also increased the price of kerosene oil by Rs4.22 per litre, taking it to Rs300.85 per litre.
The federal government has increased petrol and high-speed diesel (HSD) prices, raising the rates by Rs3.34 and Rs5.27 per litre, respectively, under the new daily fuel pricing mechanism.
Following the latest revision, petrol will now cost Rs334.54 per litre, while HSD has been set at Rs395.69 per litre. The revised prices will remain effective for August 19, according to an official notification.
The government has also increased the price of kerosene oil by Rs4.22 per litre, taking it to Rs300.85 per litre.
The Oil and Gas Regulatory Authority (Ogra) has started publishing petroleum prices on a daily basis as part of efforts to improve transparency and ensure that changes in international oil prices are passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily prices are calculated using a seven-day average of international market prices, in line with international practices.
The move comes amid continued volatility in global oil markets following renewed tensions in the Middle East. The government shifted from fortnightly to weekly fuel price reviews after the conflict in the region began on February 28, when Israel and the United States launched attacks on Iran, prompting Tehran to shut the Strait of Hormuz, a key route for around one-fifth of global energy supplies before the war.
Tensions have intensified since a fragile truce between Tehran and Washington collapsed in June, raising concerns over a wider conflict and potential disruptions to energy supplies through the strategic waterway.
