The federal government has reduced the prices of petrol and high-speed diesel (HSD) with effect from August 7, according to a notification issued by the Ministry of Petroleum on Thursday.
Under the revised rates, petrol has been reduced by Rs3.19 per litre to Rs329.82 per litre, while high-speed diesel (HSD) has been cut by Rs1.50 per litre to Rs382.36 per litre.
The latest adjustment comes just a day after the government had increased petrol prices by Rs4.45 per litre while reducing HSD by Rs2 per litre under the daily pricing mechanism.
Pakistan introduced a daily fuel price review system on July 17 in response to heightened volatility in international oil markets following renewed tensions in the Middle East.
Under the mechanism, domestic fuel prices are determined using a seven-day average of global oil prices, aligning Pakistan’s pricing system more closely with international market trends.