Govt hikes petrol by Rs3.81, HSD by Rs3.59 till August 24
The federal government on Friday increased the price of petrol and high-speed diesel (HSD) by Rs3.81 and Rs3.59 per litre, respectively, for the next three days. According to a notification issued by the Petroleum Division, the price of petrol has been fixed at Rs341.59 per litre, while HSD will cost Rs368.29 per litre from Aug 22 to Aug 24. The latest revision comes a day after the government increased the price of petrol and HSD by 27 paisas and Rs1.64, respectively, for August 21. Read: Govt increases petrol by 27 paisas, HSD by Rs1.64 for Aug 21 Last month, the government announced a new pricing mechanism under which petroleum product prices would be reviewed and notified on a daily basis, replacing the weekly pricing mechanism, as renewed tensions between the United States and Iran continued to drive volatility in global oil markets and raise concerns over fuel supplies. According to the Pakistan Economic Survey 2024-25, petroleum products constitute one of the country...