Pakistan slashes petrol price by Rs7.54 per liter for next fortnight

An employee fills the tank of a motorbike at a fuel station in Islamabad on June 16, 2025. (AFP/File)
Short Url
Updated 01 August 2025
Follow

Pakistan slashes petrol price by Rs7.54 per liter for next fortnight

  • Fuel prices in Pakistan are adjusted every two weeks due to global oil market trends, currency fluctuations, domestic taxation changes
  • As per new prices which take effect from August 1, petrol will now cost Rs264.61 per liter, down from Rs272.15 per liter, says notification

KARACHI: Pakistan’s government has slashed the price of petrol by Rs7.54 per liter for the next fortnight and increased the price of high-speed diesel (HSD) by Rs1.48 per liter, the Finance Division announced late Thursday.

The revised prices of the petroleum products take effect from Aug. 1, the notification said. As per the new prices, petrol will now cost Rs264.61 per liter, down from Rs272.15 per liter. The price of a liter of HSD will now cost Rs285.83 per liter, up from Rs284.35 per liter.

“Following a review of prevailing international market trends and upon the recommendations of OGRA and relevant ministries, the government has revised the prices of petroleum products for the next fortnight,” the notification read.

Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations and changes in domestic taxation. The increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food. The effect is further amplified by Pakistan’s reliance on imported fuel.

The latest reduction in fuel prices will provide much needed relief to the masses. On June 16, the government raised the price of petrol by Rs4.80 per liter and HSD by Rs7.95, which was followed by another hike on July 1, with the price of petrol raised by Rs8.36 and HSD by Rs10.39.

Earlier this month, the government hiked the price of petrol by Rs5.36 per liter and diesel by Rs11.37 per liter for a third consecutive time.

Fuel price volatility escalated in July during the 12-day conflict between Iran and Israel, when Pakistan instructed oil marketing companies to maintain mandatory reserve levels.

While the government ruled out supply shortages, the conflict triggered concerns about a potential disruption in oil flows through the Strait of Hormuz.


Pakistan says operation against Afghan forces to continue until objectives are achieved

Updated 10 sec ago
Follow

Pakistan says operation against Afghan forces to continue until objectives are achieved

  • Fighting started this week after Afghan forces attacked Pakistani military installations in retaliation for earlier strikes
  • Afghan government spokesperson says air defense attacks were carried out Pakistan aircraft in Kabul on Sunday morning

ISLAMABAD: Pakistan military’s operation against Afghanistan forces along the border is still underway and will continue until all objectives are achieved, state media reported on Sunday citing security sources. 

The latest round of clashes between the two sides began on Thursday night after Afghanistan’s forces attacked Pakistani military installations along their shared border. 

The worst fighting between the neighbors in several years began after Pakistani airstrikes targeted what Islamabad described as militant hideouts inside Afghanistan earlier this month, triggering retaliatory fire along the frontier and sharply escalating long-running tensions. Islamabad accuses Kabul of sheltering Pakistani Taliban militants responsible for attacks inside Pakistan, an allegation that Afghanistan denies.

Pakistan’s Information Minister Attaullah Tarar said on Saturday that 352 Afghan Taliban fighters had been killed and more than 535 wounded since the latest phase of hostilities began.

“The security sources said Operation Ghazb Lil-Haq is still underway and will continue until objectives are achieved,” state broadcaster Radio Pakistan reported.

The state media said Pakistan’s army has taken control of an Afghan Taliban military post at the border in northwestern Pakistan.

It shared a video of what it said were Pakistani soldiers crossing into Afghanistan from the northwestern North Waziristan area to capture the Afghan post on the other side of the border.

Arab News could not independently verify the claims. 

Earlier during the day, gunshots and explosions were reported in Kabul. Afghan government spokesperson Zabihullah Mujahid said the sounds were the result of Afghan forces targeting Pakistani aircraft over the capital.

“Air defense attacks were carried out in Kabul against Pakistani aircraft,” Mujahid wrote on X. “Kabul residents should not be concerned.”

Since the conflict began this week, diplomatic efforts have intensified with several countries, including global bodies such as the European Union and United Nations, urging restraint and calling for talks.