Some relief for inflation-hit Pakistanis as the government announced fresh cut in petroleum prices, as falling global crude oil prices continued to ease pressure on the domestic market.
According to the latest notification, the revised prices will come into force from August 5, 2026. The price of petrol has been slashed by Rs3.39 per litre, bringing it down from Rs331.95 to Rs328.56 per litre, while Diesel price has become Rs4.07 per litre cheaper, with the new price fixed at Rs385.86 per litre, compared to the previous Rs389.93.
New Petrol Price Today
The latest cut marks the second consecutive reduction in fuel prices within days, extending a downward trend that began at the start of August. Petrol, which stood at Rs336.03 per litre from August 1 to 3, was reduced to Rs331.95 on August 4 before dropping further to Rs328.56 from August 5. During the final week of July, prices fluctuated between Rs334.18 and Rs336.15 per litre amid volatility in international oil markets.
Recent Petrol Price Trend in Pakistan
| Date | Petrol Price | Change |
|---|---|---|
| Aug 5, 2026 | Rs.328.56 | ↓ Rs3.39 |
| Aug 4, 2026 | Rs.331.95 | ↓ Rs4.08 |
| Aug 1–3, 2026 | Rs.336.03 | ↓ Rs0.12 |
| Jul 31, 2026 | Rs.336.15 | ↑ Rs1.09 |
| Jul 30, 2026 | Rs.335.06 | ↓ Rs0.75 |
| Jul 29, 2026 | Rs.335.81 | ↑ Rs1.63 |
| Jul 28, 2026 | Rs.334.18 | ↓ Rs1.00 |
| Jul 26–27, 2026 | Rs.335.18 | No change |
| Jul 25, 2026 | Rs.335.18 | ↑ Rs3.66 |
The relief at the pump comes on the back of a sharp correction in international crude oil prices. Global benchmark Brent crude dropped nearly 5%, slipping below the $80-per-barrel mark for the first time in three weeks. Meanwhile, U.S. West Texas Intermediate (WTI) crude also lost more than 5%, falling to around $76 per barrel.
The decline in oil prices has been fueled by growing optimism that the Strait of Hormuz, could soon see the restoration of normal commercial traffic. Positive signals from senior U.S. officials regarding diplomatic efforts to reopen the strategic waterway have eased fears of supply disruptions, boosting confidence across global energy markets.
Petrol Price in Pakistan to fall to Rs328 today as OGRA signals relief
