Petrol price cut by Rs3, HSD’s by Rs7

Business Recorder reported that petrol will cost Rs335 per litre from November 12, after a Rs3 reduction, while high-speed diesel (HSD) will fall by Rs7 to Rs364 per litre. The changes apply to retail prices for November 12. The ex-refinery petrol price declined to Rs240.65 per litre from Rs241.56, and HSD’s fell to Rs255.88 from Rs263.28.

The regulator linked the revisions to international market movements and changes in Platts pricing, premiums and incidental costs. Levies and fixed margins were unchanged: both fuels retain a Petroleum Levy of Rs80 and a Climate Support Levy of Rs5 per litre, while dealer and oil marketing company margins remain Rs9.98 and Rs7.87 per litre, respectively. The Inland Freight Equalisation Margin is set at Rs8.17 for petrol and Rs5.10 for HSD.