Govt raises petrol price by Rs1.54 per litre, high-speed diesel rate by Rs2.16

The government has raised petrol by Rs1.54 per litre and high-speed diesel (HSD) by Rs2.16, Dawn reported on Monday. From Oct 27, petrol will cost Rs379.25 per litre and HSD Rs395.82, according to the Petroleum Division notification. Taxes and duties remain Rs114 per litre on petrol and Rs100 on diesel.

The increase comes amid concerns raised by senators about fuel availability, although the minister of state for finance and revenue said there were no supply issues. The report also notes renewed austerity steps, including a 9pm closing time for markets and a 50 per cent cut in official vehicle fuel allocations for three months. Petrol and diesel are widely used in transport, while HSD also serves heavy transport, power plants and large generators.