Petrol Prices Rise as Diesel FallsThe federal government has revised petroleum prices, increasing the price of petrol by Rs4.45 per litre while reducing the price of high-speed diesel by Rs2 per litre, according to a notification from the Petroleum Division. New Fuel Rates (Effective August 7)Petrol: Increased by Rs4.45 → Rs333 per litreIncreased by → High-Speed Diesel: Reduced by Rs2 → Rs383.86 per litreThe revised prices will remain in effect until the next notification under the daily pricing mechanism. Background of Price AdjustmentThe adjustment follows changes in global oil prices and the exchange rate. Petrol is primarily used in private vehicles, motorcycles, and light transport, while high-speed diesel is widely used in agriculture, heavy transport, and industrial sectors. Under the new framework, Ogra now has the authority to announce daily ex-depot prices based on a seven-day rolling average of international market prices, without requiring prior approval from the prime minister or the federal government.