Pricing petrol July 24, 2021 Petrol prices were increased on July 15 in Pakistan by Rs5.40/litre to a level of Rs118/litre, while diesel prices were raised by Rs2.54/litre to a level of Rs116.53/litre. In dollar terms, petrol and diesel prices have come down over the last 4-5 months, although international prices have increased over this period. On February 15, Pakistan’s petrol prices were $0.729/litre and Diesel $0.703/litre. On July 12, prices came down to $0.707/litre for petrol and $0.715/litre for diesel. The current increases of Rs5.40 and Rs2.54 in petrol and diesel prices have kept the price dynamics the same. However international oil prices have been projected to decline in the short-to-medium terms affecting local prices as well, as will be discussed in this space later.