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Minor Petrol Hike, Steeper Diesel Increase
The government raised petrol prices by Re0.39 and high-speed diesel (HSD) by Rs2.40 per litre on Monday amid rising international oil prices and continued uncertainty over global supplies . Under the revised rates, petrol will cost Rs341.98 per litre, while HSD will be priced at Rs370.69 per litre . The revised fuel prices will be effective for August 25.
Daily Pricing Mechanism Continues
The Oil and Gas Regulatory Authority (OGRA) has been publishing daily petroleum prices based on a seven-day average of international market prices. The regulator is authorised to announce daily prices without prior government approval, while prices notified on Fridays remain unchanged on Saturdays and Sundays .
Government Charges and Global Context
The government charges Rs114 per litre in taxes on petrol and Rs100 per litre in taxes and duties on HSD . The latest increases come amid continued uncertainty over global supplies, with Brent crude trading at elevated levels due to ongoing Middle East tensions. The government introduced the daily pricing mechanism amid volatility in global oil rates following the Middle East conflict .
