Petrol price cut by Rs3.13, HSD’s up by Rs3.74

According to Business Recorder, the government lowered petrol rates by Rs3.13 a litre on Friday, bringing the price to Rs345.87 from Rs349. Diesel moved the other way, climbing Rs3.74 a litre to Rs378.05, effective for three days from September 5.

Tensions between the US and Iran along with shipping disturbances around the Strait of Hormuz are pushing global petroleum rates higher, so domestic fuel prices are now adjusted every day. Ex-refinery petrol now stands at Rs235.42, down from Rs238.17 on September 4, while HSD at the refinery gate climbed to Rs271.18 from Rs267.50.

Dealer margins held at Rs9.98 a litre for both fuels, the petroleum levy stayed at Rs80 a litre on each product, and the Climate Support Levy remained at Rs5. Customs duty stayed at Rs20.65 a litre for petrol and Rs15.68 for HSD, while OMC margins were unchanged at Rs7.87. The Petroleum Pricing Committee, chaired by Minister for Petroleum Ali Pervaiz Malik, proposed June 2027 as the target for full deregulation.