Petrol price up by Rs1.08, HSD’s by 51 paise

Business Recorder reported that the Petroleum Division has raised petrol by Rs1.08 per litre to Rs343.87, while high-speed diesel rose by 51 paise to Rs370.92 per litre. The new rates were notified for September 2 as rising US-Iran tensions and disruption in the Strait of Hormuz keep global petroleum prices climbing. Domestic fuel prices are now moving on a daily basis in response.

The petrol supply cost at Karachi is Rs211.17 per litre and the HSD supply cost is Rs247.92, with the balance made up of taxes, duties and margins. Rs9.98 per litre is allowed as dealer margin on each fuel, and the Petroleum Levy stays at Rs80 per litre on both products. Customs duty on petrol is Rs20.65 per litre, against Rs15.68 per litre on HSD, while the Climate Support Levy remains Rs5 per litre for both fuels.

Oil marketing companies kept their Rs7.87 margin on both fuels, as the notification left that component untouched. Dealers had asked for a monthly fuel price review, but the government turned the proposal down and chose more frequent, short-term adjustments instead.