Petrol, diesel prices likely to fall by up to Rs3.13 from Sept 1

Prices of petroleum product are expected to drop by up to Rs3.13 per litre for the next fortnight starting September 1.

Petrol is expected to fall by Rs0.61 to Rs264 per litre from September 1, down from the current Rs264.61. High-speed diesel (HSD), the most widely used fuel in the country, could decline by Rs3.13 to Rs269.86 per litre.

Kerosene is likely to decrease by Rs1.78 to Rs176.70, while light diesel oil (LDO) may dip by Rs2.61 to Rs159.55.

Also Read: Did you know how much taxes consumers are paying on per litre fuel in Pakistan?

Ex-refinery price estimates also show a downward trend, with petrol likely to fall by Rs0.43 per litre, HSD by Rs2.87, kerosene by Rs1.57, and LDO by Rs2.61. This reflects international oil prices, import premiums, and refining margins.

In percentage terms, petrol is forecast to drop 0.2%, diesel 1.1%, kerosene 0.9% and LDO 1.6%. The sharper cut in diesel compared to petrol mirrors global pricing differentials.

However, the projections exclude foreign exchange losses, which oil marketing companies typically transfer to consumers. Given the rupee’s recent volatility against the dollar, the final adjustment could vary at the time of government notification.