Petrol price hiked by Rs1.54, HSD’s by 2.16

OGRA set higher retail rates for petrol and high-speed diesel from October 27, Business Recorder reported. Petrol rises by Rs1.54 to Rs379.25 per litre, while HSD increases Rs2.16 to Rs395.82 per litre. The revised rates follow gains in international benchmark prices and import costs.

OGRA cited changes in global conditions, Platts benchmarks, premiums and other import-related expenses. Refined petrol averaged USD 118.41 per barrel versus USD 117.52 on October 24, while the HSD reference edged up to USD 110.58; local ex-refinery petrol reached Rs268.49 per litre and HSD import cost Rs288.27. Government levies and set margins were unchanged: both fuels retain a Petroleum Levy of Rs80 and Climate Support Levy of Rs5 per litre, alongside dealer and oil marketing company margins of Rs9.98 and Rs7.87. The rate adjustment is relevant to oil marketing and fuel-related sectors because retail prices and cost inputs have shifted.