Petrol price cut by Rs4.08, HSD’s by Rs2.45

The Ministry of Energy (Petroleum Division) has announced decrease in the ex-depot prices of petrol and High-Speed Diesel (HSD) for August 4, based on the recommendations from the Oil and Gas Regulatory Authority (Ogra). As per the revised rates, petrol price has been reduced by Rs4.08 per litre from Rs336.03 to Rs331.95. The price of HSD saw a decline of Rs2.45 per litre, moving from Rs392.38 to Rs389.93. Under the current pricing framework, Ogra updates fuel tariffs daily to reflect Singapore Platts trends in the last seven working days and currency exchange movements. Some stakeholders are still demanding to restore the revision on weekly or fortnightly basis.