# Diesel Price Cut by Rs32.63, Petrol Rises by Rs2.97 Per Litre
The government has slashed the price of high-speed diesel (HSD) by **Rs32.63 per litre**, while increasing petrol prices by **Rs2.97 per litre**, following what officials described as successful talks with oil refineries.
Under the latest revision, effective **August 20 (Thursday)**, petrol will be available at **Rs337.51 per litre**, while HSD will cost **Rs363.06 per litre**.
The government continues to impose **Rs114 per litre in taxes and duties on petrol** and **Rs100 per litre on diesel**.
The sharp reduction in diesel prices comes after HSD had reached a peak of **Rs520.35 per litre on April 3**. Its price had risen from around Rs281 per litre following the outbreak of the US-Iran conflict on February 28.
Petrol, meanwhile, had peaked at **Rs458.41 per litre on April 3**, after beginning its upward trajectory from Rs266 per litre in the first week of March.
The latest price adjustment comes amid continued volatility in international oil markets. Petroleum Minister **Ali Pervaiz Malik** had earlier announced that fuel prices would be reviewed and fixed on a daily basis in response to fluctuations in global crude oil prices following renewed hostilities in the Persian Gulf.
The government had previously shifted to weekly fuel price revisions in March, alongside fuel conservation measures aimed at mitigating potential supply disruptions arising from the conflict in the Middle East. In April, the federal government also announced targeted relief measures involving subsidised fuel.
According to the Petroleum Division, the **Oil and Gas Regulatory Authority (OGRA)** has been assigned responsibility for determining fuel prices based on international market trends.
Petrol is primarily consumed by private vehicles, small transport, rickshaws and motorcycles, making price changes particularly significant for households and lower- and middle-income consumers. Diesel, meanwhile, is widely used by heavy transport, power plants and large generators, meaning changes in its price have a broad impact on transportation, electricity generation and the overall cost of goods.
Petrol and HSD remain the country’s major petroleum revenue earners, with monthly sales estimated at **700,000–800,000 tonnes**, compared with approximately **10,000 tonnes of monthly demand for kerosene**.
