Petrol price hiked by Rs12.90, HSD’s by Rs3.72

Business Recorder reported that the federal government lifted petrol's ex-depot rate by Rs12.90 per litre on Monday, pushing it to Rs358.77 from Rs345.87. Diesel, known as HSD, rose by Rs3.72 to Rs381.77 per litre for September 8. The changes follow a daily upward trend in domestic fuel rates.

According to the publisher, escalating US-Iran tensions and disruption in the Strait of Hormuz keep pushing global petroleum rates higher, which feeds into local pump prices. Petrol's refinery-level import value stood at Rs248.32 per litre after a Rs12.90 increase, while diesel reached Rs274.90 after gaining Rs3.72.

A Petroleum Division notification shows that government levies and fixed margins are unchanged for both fuels. The petroleum levy is Rs80 per litre, the climate support levy Rs5, and margins are Rs9.98 for dealers and Rs7.87 for oil marketing companies. Customs duties stay at Rs21.02 and Rs15.68 per litre, while the inland freight equalisation margin was reset to Rs7.60 and Rs4.02 per litre for petrol and diesel respectively. Separately, the Petroleum Pricing Committee, led by Ali Pervaiz Malik, has suggested June 2027 as a timeline for deregulation.