Pakistan keeps petrol and HSD prices unchanged for August 11, citing non‑publication of Platts data.

On Monday the federal government announced that fuel prices would stay the same for August 11 because Platts rates were not released for August 10. The ministry confirmed petrol would be sold at Rs327.62 per litre and HSD at Rs380.86 per litre, the rates that were set for the period from August 8 to 10. The announcement follows the introduction of a daily fuel‑price review mechanism on July 17 to respond to volatility in global oil prices after renewed hostilities in the Middle East. Daily prices are calculated from a seven‑day average of international market rates so the system is aligned with global norms. Pakistan imports most of its petroleum; imports are a major part of the country’s foreign‑exchange outlay, so any increase in global crude prices raises the import bill, puts pressure on reserves, and can contribute to inflation. Historically the government has used subsidies and administrative controls to shield consumers, but those measures add to fiscal deficits and weaken macroeconomic stability. Global factors such as OPEC+ decisions, Middle‑East conflicts, sanctions on oil producers and disruptions of shipping routes through the Strait of Hormuz and the Red Sea remain key risks for Pakistani imports. Recent news reported a 4% jump in Brent and WTI crude futures on August 10, driven by trade between Iran and the United States over compensation demands and strikes in the Black Sea; Dennis Kissler of BOK Financial said the rises were linked to a delayed US‑Iran peace deal and Ukrainian strikes.