Govt Announces Biggest Diesel Price Cut in Months
Diesel prices in Pakistan to drop by Rs 11.50 per litre from August 16, offering relief to transporters and farmers, while petrol rises slightly by Rs 1.40.
Big relief is on the way for millions of Pakistanis as the government is set to slash diesel prices by a massive Rs 11.50 per litre starting midnight, August 16. However, there’s a twist — petrol prices will see a small rise of Rs 1.40 per litre for the next fortnight.
The sharp cut in high-speed diesel (HSD) rates comes after a $4.5 per barrel plunge in global diesel prices, while international petrol rates have crept up by about $0.15 per barrel, pushing local prices slightly higher. A stronger Pakistani rupee against the US dollar has helped absorb part of the petrol hike.
From tomorrow, petrol will cost Rs 266.01 per litre (up from Rs 264.61), while diesel will drop to Rs 274.33 per litre (down from Rs 285.83). Kerosene will fall by Rs 6 to Rs 177.50 per litre, and light diesel oil (LDO) will drop Rs 7 to Rs 161.20 per litre. Earlier this month, petrol prices had already been cut by Rs 7.54, and diesel saw a minor Rs 1.48 reduction — but this double-digit diesel drop is the biggest in recent months.
This move will bring major relief to the transport sector, goods carriers, and farmers, likely lowering logistics costs and food prices nationwide. For motorists relying on petrol cars and bikes, the increase is small enough to have minimal impact. Analysts say that if global oil markets remain stable, this diesel price cut could help ease inflation pressure in the coming weeks.
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