Petrol price up by Rs3.26, HSD’s cut by Rs1.01

Business Recorder reported that petrol's ex-depot price has gone up by Rs3.26 per litre to Rs390.66, climbing from Rs387.40 before the latest review. High speed diesel (HSD) moved the other way, falling Rs1.01 per litre to Rs399.34, down from Rs400.35. The Petroleum Division revised both fuel prices with effect from October 2.

The Oil and Gas Regulatory Authority (OGRA) attributed the adjustment to global developments, including movements in Platts rates, premiums and incidental charges. Over the past seven days, average petrol prices rose to USD 129.01 per barrel from USD 127.74 on October 1, while HSD eased to USD 110.11 from USD 110.68.

According to a Petroleum Division notification, the petroleum levy stays at Rs80 per litre and the climate support levy at Rs5, with dealer and oil marketing company margins unchanged at Rs9.98 and Rs7.87 per litre. Import costs moved in opposite directions, with petrol rising to Rs279.90 per litre and HSD falling to Rs292.34 per litre. Inland freight equalization margins were adjusted to Rs7.91 on petrol and Rs4.19 on HSD.