Petrol price cut by Rs2.71, HSD’s hiked by 31 paise

Business Recorder reported that petrol will cost Rs379.31 per litre from October 22, down Rs2.71, while high-speed diesel (HSD) rises by 31 paise to Rs390.11. The previous rates were Rs382.02 for petrol and Rs389.90 for HSD, following the latest daily review.

The Petroleum Division said government charges and fixed dealer and oil marketing company margins were unchanged. Petrol’s import cost fell to Rs268.57 per litre from Rs271.28, while HSD’s edged up to Rs282.55 from Rs282.24; both fuels retain a Petroleum Levy of Rs80 and a Climate Support Levy of Rs5 per litre. OGRA attributed the adjustments to international pricing factors, including Platts rates and premiums, while the report also noted a narrowing in the HSD crack spread.