Govt keeps fuel prices unchanged for August 15
No notification of a revision in fuel prices was issued on August 14 by the Ministry of Petroleum due to it being a gazetted holiday, hence prices remain the same as a day before. Petrol would continue to be available at Rs325.43 per litre, while high-speed diesel (HSD) would remain priced at Rs383.95 per litre, rates that were fixed for August 14. Read: Govt announces 45 paisas increase in petrol, Rs1.16 in HSD price for August 14 On July 17, the government introduced a daily fuel price review mechanism amid volatility in global oil prices following renewed hostilities in the Middle East. The daily fuel prices are based on a seven-day average of international market rates to align with international standards. According to the Pakistan Economic Survey 2024-25, petroleum products constitute one of the country's largest import categories, making the economy highly vulnerable to changes in global crude oil prices. Domestic refineries satisfy only part of national demand, wh...