The federal government on Monday kept petrol and high-speed diesel (HSD) prices unchanged at Rs327.62 per litre and Rs380.86 per litre, respectively.
The government continues to charge Rs114 per litre in taxes and duties on petrol and Rs100 per litre on HSD.
According to a Petroleum Division notification, the prices will remain in effect for August 11.
The Oil and Gas Regulatory Authority (Ogra) has begun publishing daily petroleum prices on its website to improve transparency and allow international price changes to be passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily prices are based on a seven-day average of international market prices, in line with international practice.
Fuel rates under daily price mechanism:
| Effective date | Products | Old rates | New rates | Changes in prices Rs/litre |
| August 11 | Petrol | 327.62 | 327.62 | – |
| August 11 | High-speed diesel | 380.86 | 380.86 | – |
Amid volatility in global oil rates on the back of renewed hostilities in the Middle East, the government decided to switch to a daily fuel price review mechanism.
The government had introduced a weekly fuel price review system after the conflict in the Middle East began on February 28, when Israel and the United States attacked Iran, leading Tehran to shut the Strait of Hormuz — the main route before the war for around a fifth of global energy supplies.
Tensions have mounted since a fragile June truce between Tehran and Washington collapsed, reviving fears of full-scale war and disrupting energy flows through the Strait.
Previously, the petroleum rates were revised fortnightly. –Agencies
