Petrol, Diesel Prices Cut in Pakistan Aug 5 2026

Fuel prices in Pakistan fell once more on August 5, 2026. Petrol now costs Rs328.56 per litre. That is a cut of Rs3.39 from the previous day. High-speed diesel (HSD) dropped Rs4.07 to Rs385.86 per litre.

The federal government made these changes under the daily pricing system. The Oil and Gas Regulatory Authority (OGRA) reviews international oil prices and exchange rates each day. It then sets the new ex-depot rates. The revised prices took effect on Wednesday.

This is the third straight day of cuts. On Monday, petrol fell by Rs4.08 and diesel by Rs2.45. The pattern shows how closely local rates now track global markets.

Current Fuel Rates

Here are the new prices effective August 5, 2026:

These are ex-depot prices. The amount you pay at the pump includes dealer margins and other small costs, but the listed figures are the official rates.

Recent Daily Price Trend

Since daily pricing began in mid-July, rates have moved both up and down. Overall, they remain higher than before the system started. Petrol is still about Rs17 higher and diesel more than Rs62 higher than the levels seen in early July.

The table shows the recent decline after an earlier rise. Prices can change again tomorrow based on the next seven-day average of global rates.

Why Prices Keep Moving

Pakistan switched to daily pricing because international oil markets became unstable. Tensions in the Middle East pushed crude prices higher earlier this year. Petrol once reached Rs458 and diesel crossed Rs520. As global prices eased, local rates began to fall.

OGRA now uses a rolling seven-day average of international prices plus the rupee-dollar exchange rate. This system aims to pass changes to consumers faster than the old weekly or fortnightly reviews.

Yet taxes stay high. The government still collects about Rs110 per litre in taxes and duties on petrol and around Rs96 on diesel. These include the petroleum levy, customs duty, and other charges. Even when crude oil falls, the tax portion keeps the final price elevated.

What This Means for People

Motorists fill their tanks for a bit less today. Transporters and farmers who use diesel also gain some relief. Lower fuel costs can ease pressure on transport fares and goods prices over time.

Still, the cuts remain modest. Many households and businesses feel the weight of fuel bills every week. The daily system brings more transparency, but it also means prices can rise again if global markets turn.

For the latest rates, check OGRA announcements each evening. The next change could come as soon as tomorrow. For more updates, visit DrivePK.com