Pakistan cuts diesel prices, keeps petrol rates steady
The cut reflects falling global oil prices and aims to ease costs for diesel-dependent sectors like agriculture and transport
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Pakistan has announced a reduction in diesel prices while keeping petrol rates unchanged for the second half of August, as the government continues to reap record revenue from the petroleum development levy (PDL).
According to a notification issued late Thursday, the price of high-speed diesel (HSD) has been lowered by PKR 12.84 per liter, bringing it to PKR 272.99, while petrol remains steady at PKR 264.61 per liter.
The revision reflects recent declines in global oil prices and the government’s effort to provide partial relief to consumers, particularly the agriculture and transport sectors that rely heavily on diesel.
Record PDL collections bolster fiscal support
The price adjustment comes amid record petroleum levy collections, which have become a vital revenue source for the government amid limited tax space and growing fiscal needs.
In FY25, Pakistan is estimated to have collected over PKR 1,220 billion in PDL, primarily from petrol and diesel sales — a notable increase from previous years. The federal budget had set an ambitious FY25 target of PKR 1,470 billion under the levy, which is imposed directly on fuel products and does not require revenue sharing with provinces.
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