Petrol price up by Rs5.77, HSD’s by Rs6.47

Ex-depot fuel rates rise from August 18 after a three-day weekend delay, based on advice from the Oil and Gas Regulatory Authority (Ogra) and announced by the Petroleum Division. Petrol moves up Rs5.77 to Rs331.20 per litre, while high-speed diesel (HSD) gains Rs6.47 to reach Rs390.42. The petroleum levy on diesel rises by Re1 to Rs78.28 per litre, whereas the petrol levy stays at Rs80.

Customs duty remains at Rs21 per litre on petrol and Rs15.68 on HSD, and the Climate Support Levy is unchanged at Rs5 for both fuels. Oil marketing company margins hold at Rs7.87 per litre and dealer margins at Rs8.64, with no change across both products. Finance Minister's adviser Khurram Shehzad said in a recent social media post that the diesel levy increase is a gradual move back to the budgeted level, not a fresh tax.

IMF staff will look at the EFF and RSF arrangements in the coming month. Each day Ogra recalculates fuel rates using exchange rate movements and a rolling seven-day average of Singapore Platts figures.