Petrol price cut by 50 paise, HSD’s by 19 paise

Business Recorder reported that the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) cut domestic fuel prices on Thursday, effective for August 28. Petrol fell by 50 paise per litre and high-speed diesel (HSD) by 19 paise per litre. The new ex-depot rates put petrol at Rs342.60 per litre, down from Rs343.10, while HSD now sells at Rs371.61 per litre.

The authorities called the reduction marginal even though international oil prices had fallen. Ogra will now publish petroleum prices every day on its website, a step meant to raise transparency and pass global oil price moves to consumers more quickly.

Dealers earn Rs9.98 per litre on both fuels, while the petroleum levy stands at Rs80 per litre on each product. Customs duty is Rs20.65 per litre on petrol and Rs15.68 on HSD, and the Climate Support Levy remains at Rs5 per litre for both. Oil marketing companies keep a margin of Rs7.87 per litre, unchanged across both products.