Petrol price up by Rs3.81, HSD’s by Rs3.59

The Petroleum Division has raised petrol and high-speed diesel prices for a three-day period from August 22 to 24, according to Business Recorder. Diesel rises Rs3.59 per litre to Rs368.29, while petrol climbs Rs3.81 to Rs341.59 from Rs337.78. Dealer margins have also gone up by Rs1.34 per litre, lifting the fixed margin from Rs8.64 to Rs9.98.

The margin increase followed Federal Cabinet approval and helped avert a threatened nationwide strike by the Pakistan Petroleum Dealers Association (PPDA). The petroleum levy is unchanged at Rs80 per litre on each fuel, customs duty stays at Rs21 for petrol and Rs15.68 for diesel, and the Climate Support Levy holds at Rs5 per litre. Oil marketing companies keep their margin at Rs7.87 on both products.

To restrain diesel costs, the government used its pricing mechanism to limit the diesel crack spread to USD 41.50 a barrel, while the international margin sits near USD 68. The Oil and Gas Regulatory Authority (Ogra) recalculates retail rates each day, factoring in exchange rate moves and a seven-day rolling average.