Petrol price maintained, HSD’s hiked by Rs2.29

OGRA has raised the ex-depot price of high-speed diesel by Rs2.29 per litre to Rs402.96, while petrol remains at Rs377.91 per litre, Business Recorder reported. The revised rates were announced for October 31, with the report also referring to the adjustment as effective from October 30.

The diesel increase came as its international benchmark rose to USD 115.75 per barrel from USD 114.65, and its import cost reached Rs295.03 per litre. Petrol’s international benchmark edged down to USD 120.56 per barrel from USD 121.28, but its ex-refinery price rose to Rs282.26 per litre; a Rs14.71 reduction in the petroleum levy kept the retail rate unchanged. The Petroleum Levy and Climate Support Levy remain Rs80 and Rs5 per litre respectively for both fuels, while dealer and oil marketing company margins were unchanged.