Petrol price cut by Rs2.27, HSD’s by Rs3.56

Petrol prices in Pakistan will fall by Rs2.27 per litre, bringing the ex-depot rate to Rs389.03, while high speed diesel (HSD) drops by Rs3.56 per litre to Rs404.97. The revised rates take effect for September 29, according to Business Recorder.

The revision is based on OGRA's calculations using a seven-working-day rolling average of daily international benchmark prices. Average petrol prices eased to USD128.76 per barrel from USD129.54 on September 26. Import costs also fell, to Rs278.27 per litre for petrol and Rs319.97 per litre for HSD, according to the Petroleum Division.

Government levies and fixed profit margins were left unchanged for both fuels. Petroleum Levy stays at Rs80 per litre and Climate Support Levy at Rs5 per litre, while dealer margins are Rs9.98 per litre and oil marketing company margins Rs7.87 per litre. Customs duties remain at Rs24.78 per litre for petrol and Rs15.68 per litre for HSD, and the Inland Freight Equalization Margin is set at Rs7.91 for petrol and Rs4.06 per litre for HSD.