Govt increases petrol by Rs4.42 per litre, HSD by Rs6.10 per litre amid rising global oil prices

Dawn reported that the federal government raised petrol rates by Rs4.42 per litre and high-speed diesel by Rs6.10 per litre on Monday. After the revision, petrol will be sold at Rs380.24 per litre and diesel at Rs409.42 per litre, with the new rates taking effect on Tuesday, September 15. Taxes and duties still account for Rs114 per litre on petrol and Rs100 per litre on diesel.

Diesel has come off a high of Rs520.35 set on April 3, after climbing from Rs281 following the outbreak of the US-Iran conflict on February 28. Petrol similarly hit Rs458.41 on April 3, having risen from Rs266 in early March. Weekly revisions since March gave way to daily pricing after the petroleum minister's July 17 announcement, with Ogra now setting rates from international market trends.

Prime Minister Shehbaz Sharif separately announced on September 13 a relief scheme offering Rs100 per litre to owners of two- and three-wheelers on a 20-litre monthly quota. Vehicles up to 800cc will receive the same relief on a 30-litre monthly quota. Petrol mainly serves private transport and small vehicles, while diesel powers heavy transport, power plants and large generators.