Govt increases petrol price by Rs2.29, high-speed diesel by Rs1.11

Dawn reported that fuel rates will rise from Thursday, September 3, after the government announced a Wednesday revision. Petrol will now sell for Rs346.16 per litre, an increase of Rs2.29, while high-speed diesel (HSD) climbs by Rs1.11 to Rs372.03 per litre. The revised rates take effect on that date, according to the Petroleum Division notification.

Taxes and duties remain at Rs114 per litre on petrol and Rs100 on diesel. HSD has eased from its April 3 high of Rs520.35, but it had started from Rs281 after the US-Iran war began on February 28. Petrol followed a similar path, reaching Rs458.41 on April 3, up from Rs266 in early March.

On July 17, Petroleum Minister Ali Pervaiz Malik said daily pricing would apply because of swings in global markets following fresh fighting involving Iran and the US. Ogra now decides the rates each day based on international trends, a shift from weekly revisions that began in early March. Petrol is mostly used by private vehicles, rickshaws and motorcycles, while diesel fuels heavy transport, power stations and large generators.