Petrol price cut by 66 paise, HSD’s hiked by 52 paise

Business Recorder reported that the government announced fuel prices for the three-day period from October 10 to 12. Petrol will now cost Rs398.30 per litre, a reduction of 66 paise from the earlier Rs398.96. High-Speed Diesel (HSD) rose by 52 paise per litre to Rs396.24.

Over the past seven days, the average refined petrol price edged down to USD 133.48 per barrel, compared with USD 133.52 on October 9. The HSD average climbed to USD 108.07 from USD 107.74. On the import side, petrol cost dropped to Rs287.52 from Rs288.09 per litre, while HSD import cost rose to Rs288.68 per litre.

According to a Petroleum Division notification, levies and fixed margins on both fuels have not changed. The Petroleum Levy stays at Rs80 per litre and the Climate Support Levy at Rs5 per litre. Dealers keep a margin of Rs9.98 per litre and oil marketing companies Rs7.87 per litre, while the Inland Freight Equalisation Margin is Rs8.02 for petrol and Rs4.75 for HSD.