Petrol price hiked by 39 paise, HSD’s by Rs2.40

Oil and Gas Regulatory Authority (OGRA) has raised petrol prices by 39 paise per litre and high-speed diesel (HSD) by Rs2.40 per litre, according to Business Recorder. The increase takes effect on August 25 and follows a rise in international oil rates. After the revision, petrol is set at Rs341.98 per litre and HSD at Rs370.69 per litre.

The regulator said it publishes daily petroleum prices online to make pricing more transparent and to pass global oil price changes on to consumers more quickly. Rs9.98 per litre is the dealer margin on both products, while the petroleum levy stands at Rs80 per litre for each fuel. Customs duty is Rs20 per litre on petrol and Rs15.68 per litre on HSD, and the Climate Support Levy is unchanged at Rs5 per litre.

Oil Marketing Companies (OMCs) left their margins at Rs7.87 for both fuels, showing no change in this revision. The revised rates for petrol and HSD apply from August 25.