Petrol price hiked by Rs2.10, HSD’s by 30 paise

The Petroleum Division has raised fuel rates for the three-day window from October 3 to 5, according to Business Recorder. Petrol's ex-depot rate rose by Rs2.10 a litre, climbing to Rs392.76 from Rs390.66, while high speed diesel (HSD) edged up 30 paise to Rs399.64.

Beyond the base rate, a higher Inland Freight Equalisation Margin accounted for much of the increase, with the margin for petrol now at Rs8.02 a litre and for diesel at Rs4.75. Oil and Gas Regulatory Authority (OGRA) linked the revision to global factors, including Platts rates and premiums. Import costs for petrol rose to Rs281.89 a litre, while diesel's fell to Rs292.04.

Government levies and fixed margins stayed unchanged, with each fuel carrying a Rs80 petroleum levy and a Rs5 climate support levy per litre. Dealers earn Rs9.98 a litre and oil marketing companies Rs7.87 a litre in profit margins. Over the past seven days, average petrol prices rose to USD 130.17 per barrel, while HSD slipped to USD 109.95.