Govt raises petrol price by Rs0.45, high-speed diesel by Rs1.16

Dawn reported that the government raised petrol prices by Rs0.45 per litre and high-speed diesel by Rs1.16 on Thursday. Under the revision, petrol now sells at Rs325.43 a litre and HSD at Rs383.95, according to a Petroleum Division notification. The new rates apply from Friday, August 14.

Levies stand at Rs114 for every litre of petrol and Rs100 for each litre of diesel. Diesel had touched Rs520.35 on April 3, climbing from Rs281 after the US-Iran war began on February 28. Petrol hit Rs458.41 on the same day, up from Rs266 in early March.

Petroleum Minister Ali Pervaiz Malik said that Ogra will set fuel prices daily from now on, replacing the weekly revisions in place since early March. The All Pakistan Dealers Association rejected the daily system and said it would consider a protest plan. Petrol and diesel are the main revenue earners, with monthly volumes of about 700,000 to 800,000 tonnes.