Petrol price hiked by Rs2.31, HSD’s by 78 paise

The government increased petrol prices by Rs2.31 per litre to Rs398.96 in its daily review on Thursday, according to Business Recorder. High-Speed Diesel (HSD) rose by 78 paise to Rs395.72 per litre, with the revised rates applying for October 9.

Over the previous seven days, the average refined petrol price moved up to USD 133.52 per barrel from USD 132.18 on October 8. HSD averaged USD 107.74 per barrel against USD 107.29 earlier, and a Petroleum Division notification tied the change to import costs, which rose to Rs288.09 per litre for petrol from Rs285.78 and to Rs288.12 for HSD from Rs287.34.

Government levies and fixed margins for both fuels were kept unchanged, with the petroleum levy still at Rs80 per litre and the climate levy at Rs5 per litre. Dealer margins stood at Rs9.98 per litre and oil marketing company margins at Rs7.87 per litre, while the Inland Freight Equalisation Margin remained at Rs8.02 for petrol and Rs4.75 for HSD.