HSD price rises Rs3.47/litre, petrol falls Rs0.43

Mettis Global reported that the Ministry of Energy's Petroleum Division has revised ex-depot prices effective September 18, 2026, lifting high-speed diesel by Rs3.47 per litre to Rs424.92 while cutting petrol by Rs0.43 to Rs390.79 per litre. The changes follow movements in global Platts rates, along with premiums and incidental costs. The Oil and Gas Regulatory Authority carried out the calculation under the federal pricing mechanism.

Using a rolling average of Platts quotes over seven working days, OGRA put the Gasoline 92 RON benchmark at $131.33 per barrel, with cost and freight reaching $149.03 per barrel. At an exchange rate of Rs277.46 per dollar, the landed cost at Karachi Port came to Rs260.75 per litre. For diesel, Dubai crude averaged $124.75 per barrel, and an HSD crack of $41.89 per barrel lifted cost and freight to $173.14, producing a landed cost of Rs302.37 per litre.

Petroleum Levy of Rs80.00 and Climate Support Levy of Rs5.00 were applied on top of the product price for both fuels. Petrol is exempt from sales tax, and diesel is also exempt. OGRA added that the full effect of daily global price changes is spread across seven working days, while the reduced petrol premium will feed into prices across the following five working days.