Petrol price up by Rs1.82, HSD’s down by 91 paise

Business Recorder reported that the government revised fuel rates on Wednesday for October 8. Petrol now costs Rs396.65 a litre after a rise of Rs1.82 from the earlier Rs394.83, whereas high-speed diesel dropped by 91 paise to Rs394.94 a litre. The announcement covered pricing for that date, with the new numbers replacing the previous figures.

Over the previous seven days, the average refined petrol price climbed to USD 132.18 per barrel, compared with USD 131.37 on October 7. Diesel followed a different path, easing to USD 107.29 a barrel from USD 107.80 in the same period. The Oil and Gas Regulatory Authority (OGRA) linked the revision to overseas developments, including shifts in Platts rates, premiums and incidental charges.

Import costs moved in opposite directions, with petrol climbing to Rs285.78 from Rs283.96 a litre and HSD easing to Rs287.34 from Rs288.25. The petroleum levy stands at Rs80 a litre and the climate support levy at Rs5 for each fuel. Dealers keep margins of Rs9.98 per litre, while oil marketing companies retain Rs7.87 a litre. Petrol also carries an inland freight equalisation margin of Rs8.02 a litre, and HSD Rs4.75.