ISLAMABAD: The government on Friday reduced the prices of diesel and petrol by Rs2 and Rs4 per litre, respectively, with immediate effect for the week ending June 19, owing to changes in global oil prices over the past week.

Accordingly, the ex-depot price of high-speed diesel (HSD) was fixed at Rs378.78 per litre, down from Rs380.78. The government also made some upward adjustments to the tax rate on diesel. The price of diesel has fallen significantly from its peak of Rs520.35 per litre recorded on 10 April. HSD is considered the most inflationary fuel due to its extensive use in freight transportation.

The ex-depot price of petrol was reduced by Rs4 to Rs373.78 per litre from the current Rs377.79. This marks the fifth consecutive weekly reduction in petrol prices, bringing the cumulative decrease to around Rs41 per litre despite the continued imposition of heavy taxes.

The government is currently charging around Rs100 per litre on HSD in the form of customs duty, petroleum levy, climate support levy and the inland freight equalisation margin.

Meanwhile, the total tax burden on petrol stands at approximately Rs135 per litre, including petroleum levy, customs duty and climate levy.

The government is also charging about Rs21 per litre as petroleum levy on kerosene and around Rs16 per litre on light diesel oil. Petrol and HSD remain the government’s primary revenue-generating fuels, with monthly sales ranging between 700,000 and 800,000 tonnes, compared with monthly kerosene demand of only around 10,000 tonnes.

Published in Dawn, June 13th, 2026