High-speed diesel (HSD) rates in Pakistan are projected to fall by around Rs11.50 per litre from August 16, while petrol prices may rise by approximately Rs1.40 per litre, according to industry estimates.
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The anticipated changes, based on international market trends and recent exchange rate movements, would mark a four percent drop in diesel prices and a 0.5 percent increase in petrol. However, officials note that these figures are provisional and subject to final government approval.
Over the past two weeks, global diesel prices have dipped by about $4.5 per barrel, while petrol saw a slight increase of $0.15 per barrel. The Pakistani rupee has also strengthened modestly against the US dollar, easing import costs for petroleum products.
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Currently, HSD is priced at Rs285.83 per litre, up by Rs27 since mid-May, while petrol stands at Rs264.61 per litre. Light diesel oil and kerosene prices are also expected to fall by Rs7 and Rs6 per litre, respectively.
Analysts suggest that lower diesel prices could benefit Pakistan’s transport and agriculture sectors, potentially reducing operating costs and easing food inflation.
