Pakistan’s government has marginally decreased petrol and diesel prices by 12 and 66 paisas per litre, respectively, for a three-day period, bringing retail prices to Rs336.03 and Rs392.38. Despite the slight reduction, substantial taxes remain levied on both fuels – Rs110 per litre on petrol and Rs96 on diesel. Simultaneously, the Oil and Gas Regulatory Authority (Ogra) announced a record 32% increase in the price of regasified liquefied natural gas (RLNG) for August, reaching $25.83 per mmBtu. This RLNG price surge, a 148% increase since February, is attributed to sourcing from the spot market due to disruptions linked to geopolitical tensions. The heightened RLNG costs will significantly increase fuel expenses for power generation, potentially impacting electricity prices. This situation presents a contrasting economic picture with minor fuel price reductions overshadowed by a major increase in RLNG rates.