ISLAMABAD: The price of petrol has been reduced by Rs7.54, while diesel has become costlier by Rs1.48 per litre for the next two weeks till August 15.

According to an announcement by the Ministry of Finance on Thursday, the prices have been revised after reviewing the prevailing international market trends and upon the recommendation of the Oil and Gas Regulatory Authority and relevant ministries.

The ex-depot price of high-speed diesel (HSD) was increased by Rs1.48 per litre from Rs284.64 to Rs285.83.

The new price of petrol will be Rs264.61 per litre, down by Rs7.54 from Rs272.98 at present.

According to sources, international prices had slightly eased over the last fortnight while import premium on petrol had dropped by almost one-third to $6.75 per barrel (from about $9.7 per barrel) as regional tensions scaled down.

The price of HSD has increased by Rs28 and that of petrol by Rs20 per litre over the past two months.

At present, the government is charging about Rs100 per litre tax on both petrol and HSD.

The general sales tax is zero on all petroleum products but the government is charging a levy of Rs80 per litre on account of Petroleum Development Levy and Rs2.50 per litre Climate Support Levy.

The government is also charging about Rs20 to 21 per litre Customs duty on petrol and HSD, irrespective of their local production or imports.

Published in Dawn, August 1st, 2025