Petrol price hiked by Rs2.84, HSD’s by Rs2.28

Business Recorder reported that petrol's ex-depot rate climbed by Rs2.84 per litre to Rs349.00, while high-speed diesel rose Rs2.28 per litre to Rs374.31 for September 4. The increase follows continued tension between the United States and Iran and disruption in the Strait of Hormuz, which keep global petroleum rates under upward pressure. As a result, domestic fuel prices are rising on a daily basis.

A Petroleum Division notification sets dealer margins at Rs9.98 per litre on both products, with petroleum levy at Rs80 per litre on each. Customs duty stands at Rs20.65 per litre on petrol and Rs15.68 per litre on HSD, while the Climate Support Levy (CSL) remains at Rs5 per litre for both fuels. Oil marketing company margins are unchanged at Rs7.87 per litre across both products.

The Pakistan Bureau of Statistics put August consumer price inflation at 11.1 percent, against 9.2 percent in July, and identified the Middle East crisis as the main factor. The Petroleum Pricing Committee, chaired by Minister for Petroleum Ali Pervaiz Malik, has put forward a June 2027 target for deregulation.