Petrol price hiked by Rs12.90, HSD’s by Rs3.72
ISLAMABAD: The government on Monday increased the ex-depot price of petrol by Rs12.90 per litre to Rs358.77 per litre, up from Rs345.87 per litre. Meanwhile, the price of High-Speed Diesel (HSD) has also been increased by Rs3.72 per litre to Rs381.77 per litre for September 8. Rising tensions from the US–Iran conflict and disruptions in the Strait of Hormuz continue to drive up global petroleum…
The government has recently increased the ex-depot price of petrol by Rs12.90 per litre, raising the price to Rs358.77 per litre. This increase also applies to High-Speed Diesel (HSD), which has been raised by Rs3.72 per litre to Rs381.77 per litre. These price hikes are attributed to rising tensions from the US–Iran conflict and disruptions in the Strait of Hormuz, which have led to an increase in global petroleum rates.
The ex-refinery import price of petrol has surged by Rs12.90 per litre, while HSD saw an increase of Rs3.72 per litre. The government levies and profit margins for both fuels remain steady, with no changes in Petroleum Levy, Climate Support Levy, or profit margins for dealers and oil marketing companies. The Petroleum Pricing Committee has proposed June 2027 as the timeline for deregulation.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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