Govt decreases petrol price by Rs0.35, increases diesel by Rs5.71 per litre
Why This Matters
Key context: <p>The government on Monday decreased the petrol price by Rs0.35 and increased the price of high-speed diesel by Rs5.71 per litre, to pass on the impact of fluctuating global prices following renewed regional hostilities in the Persian Gulf.</p> <p>Following the changes, the price of petrol stands at Rs315.80 per litre and that of HSD at Rs360.06.</p> <p>The Petroleum Division’s press release notifying the increase said the new prices would be effective from July 21 (Tuesday).</p> <figure class='media w-full sm:w-full media-- media--uneven media--stretch' data-original-src='https://i.dawn.com/large/2026/07/20232447954286b.webp'> <div class='media__item '><picture><img src='https://i.dawn.com/large/2026/07/20232447954286b.webp' alt='' /></picture></div> </figure> <p>The diesel price has come down from a <a href="https://www.dawn.com/news/1987901"><u>peak of Rs520.35</u></a> recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.</p> <p>The petrol price had <a href="https://www.dawn.com/news/1987901"><u>peaked at Rs458.41</u></a> on April 3 after beginning its <a href="https://www.dawn.com/news/1979399"><u>upward trajectory</u></a> from Rs266 in the first week of March.</p> <p>Earlier, Petroleum Minister Ali Pervaiz Malik <a href="https://www.dawn.com/news/2016227/govt-to-fix-fuel-prices-daily-due-to-renewed-hostilities-in-persian-gulf-petroleum-minister"><u>announced</u></a> that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.</p> <p>The government had been announcing <a href="https://www.dawn.com/news/1978754"><u>weekly revisions</u></a> to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also <a href="https://www.dawn.com/news/1988840"><u>announced</u></a> targeted relief measures to provide subsidised fuel.</p> <p>The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends.</p> <p>The daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan this week.</p> <p>Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.</p> <p>Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators.</p> <p>Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.</p> This development from dawn.com highlights ongoing changes in the sector.
The government on Monday decreased the petrol price by Rs0.35 and increased the price of high-speed diesel by Rs5.71 per litre, to pass on the impact of fluctuating global prices following renewed regional hostilities in the Persian Gulf. Following the changes, the price of petrol stands at Rs315.80 per litre and that of HSD at Rs360.06. The Petroleum Division’s press release notifying the increase said the new prices would be effective from July 21 (Tuesday). The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends. The daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan this week. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.
Curation & Context
This page summarizes a public news report from dawn.com. Global News Hub provides the "Why This Matters" takeaway using editorial insights and AI curation to give readers rapid, high-value context before they click through to read the full article.