Petrol price reduced by Rs1.93, HSD’s by Rs4.21

Business Recorder reported that the Petroleum Division has lowered ex-depot rates for petrol and diesel, applying from September 24, citing global oil price moves tied to the Middle East conflict. Petrol now stands at Rs390.12 per litre after a Rs1.93 reduction from Rs392.05, while high-speed diesel fell by Rs4.21 to Rs414.75 per litre. The Oil and Gas Regulatory Authority (OGRA) calculated both revised rates.

The calculation draws on the daily Platts Arab Gulf Means Price, averaged over the previous seven working days on a rolling basis. Over that window, petrol averaged USD 131.20 per barrel, down from USD 132.30 on September 23, and diesel averaged USD 118.94, compared with USD 121.34 earlier. Imports supply more than 80 percent of national consumption, and petrol's import expense stands at Rs279.56 a litre, down from Rs281.49, while diesel's fell to Rs307.84 from Rs312.05 a litre.

Government levies and fixed margins were unchanged for both fuels, with a Rs80 per litre Petroleum Levy and a Rs5 per litre Climate Support Levy applied to each. Dealer margin is Rs9.98 a litre and the oil marketing company margin Rs7.87 a litre. Customs duty remains Rs23.68 per litre on petrol and Rs15.68 on diesel, while the Inland Freight Equalisation Margin is set at Rs7.71 for petrol and Rs4.06 for HSD.