Petrol Price Cut in Pakistan, Diesel Gets More Expensive From August 12

The federal government has announced a mixed adjustment in petroleum prices, reducing the petrol price in Pakistan while increasing the price of high-speed diesel. The revised rates will take effect from August 12, 2026, under the government’s petroleum pricing mechanism. According to the latest notification, petrol has become cheaper by Rs1.70 per litre, bringing its…

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Daily fuel pricing to boost transparency, curb market abuse: Ali Pervaiz Malik

Federal Petroleum Minister Ali Pervaiz Malik has said that Pakistan’s transition to a daily petroleum pricing mechanism will improve transparency, eliminate opportunities for market manipulation, and establish a more competitive, consumer-friendly fuel pricing system. Speaking during a meeting with key stakeholders from the petroleum industry, the minister described the reform as a major step towards…

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