Govt raises petrol price by Rs4.10 per litre, HSD by Rs6.41 per litre

Dawn reported that the government raised petrol prices by Rs4.10 per litre on Tuesday, while HSD went up by Rs6.41 per litre. Petrol is set to sell at Rs384.34 per litre and HSD at Rs415.83, with the revised rates taking effect on Wednesday, September 16, according to a Petroleum Division notification.

Taxes and duties account for Rs114 per litre of the petrol price and Rs100 per litre of diesel. Both fuels remain below their April 3 peaks of Rs458.41 for petrol and Rs520.35 for HSD, although prices had climbed steeply after hostilities between the US and Iran began on February 28.

Under a relief scheme announced on September 13, two- and three-wheeler owners get Rs100 per litre off for up to 20 litres a month, while vehicles up to 800cc qualify for up to 30 litres. Prime Minister Shehbaz Sharif made the announcement, according to a statement from the Prime Minister's Office. Ogra now decides fuel prices daily, a change first announced on July 17 by Petroleum Minister Ali Pervaiz Malik.