The government announced a price revision on Friday, reducing petrol by Rs3.13 per litre and increasing high-speed diesel (HSD) by Rs3.74 per litre. The new prices will be in effect from September 5 to 7, with petrol retailing at Rs345.87 per litre and HSD costing Rs378.05 per litre. This revision comes after the price of HSD had peaked at Rs520.35 on April 3, following a rise that began on February 28. Petrol sales contribute significantly to revenue, with monthly sales ranging from 700,000 to 800,000 tonnes.
Written by the local model on 2026-09-04,
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Story summary
The Pakistani government reduced the price of petrol by Rs3.13 per litre and increased the price of high-speed diesel (HSD) by Rs3.74 per litre on September 5. The new prices will be in effect from September 5 to September 7, with petrol retailing at Rs345.87 per litre and HSD costing Rs378.05 per litre. The price of HSD has decreased significantly, down from a peak of Rs520.35 on April 3, while the price of petrol had peaked at Rs458.41 on April 3. The government's decision to adjust fuel prices is in response to fluctuations in international market prices due to renewed hostilities between Iran and the US, which began on February 28. This change marks a shift from weekly revisions to daily pricing, as announced by Petroleum Minister Ali Pervaiz Malik on July 17.
Written for “Petrol Price Reduction” on 2026-09-05,
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Leaning score +0.15 for article 3983 (high confidence, 1 verified quote) · logged 2026-09-04
The government on Friday reduced the price of petrol by Rs3.13 per litre while increasing the price of high-speed diesel (HSD) by Rs3.74 per litre.
asserted
government → reduce → litre
Following the revision, petrol will retail at Rs345.87 per litre while HSD will cost Rs378.05 per litre.
asserted
HSD → follow → litre
The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.
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government → continue → diesel
According to the Petroleum Division’s notification, the new prices will remain in effect from Sept 5 (Saturday) to Sept 7 (Monday).
uncertain
prices → accord → Sept
The price of HSD has come down from a peak of Rs520.35 recorded on April 3.
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price → come → April
Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
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war → start → February
The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.
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price → peak → March
On July 17, 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.
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prices → announce → Iran
Prior to this, 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.
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government → announce → East
The federal government in April also announced targeted relief measures to provide subsidised fuel.
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government → announce → 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.
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cabinet → state → trends
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.
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changes → use → 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.
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it → impact → sector
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.
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Petrol → compare → kerosene
