Petrol price cut by Rs3.19, HSD’s hiked by Rs2.25

Business Recorder reported that OGRA’s revised fuel prices take effect on October 28. Petrol becomes Rs376.06 per litre, down Rs3.19 from Rs379.25, while High-Speed Diesel (HSD) rises Rs2.25 to Rs398.07 per litre from Rs395.82. The adjustment follows changes in international benchmarks, Platts pricing, premiums and other import-related costs.

International refined petrol prices increased to USD 120.21 per barrel from USD 118.41, and the HSD benchmark moved up to USD 113.13 from USD 110.58. The notification also cut petrol’s customs duty by Rs5.71 per litre, to Rs20.56, while the government levies and fixed profit margins for dealers and oil marketing companies stayed unchanged. The Petroleum Levy remains Rs80 per litre for both fuels, alongside a Rs5 Climate Support Levy.