Petrol price cut by 43 paise, HSD’s up by Rs3.47
ISLAMABAD: The Petroleum Division has announced an increase in High Speed Diesel (HSD) price by Rs3.47 per litre for September 18 following a surge in global refined product costs due to geopolitical tensions. According to the official notification, the ex-depot price of petrol decreases slightly by 43 paise per litre to Rs390.79 per litre from Rs391.22, while HSD climbs by Rs3.47 to reach…
Islamabad: The Petroleum Division has raised the price of High Speed Diesel (HSD) by Rs3.47 per litre, effective September 18, in response to global refined product cost hikes driven by geopolitical tensions. Simultaneously, petrol prices saw a slight reduction of 43 paise per litre, dropping to Rs390.79 per litre from Rs391.22 per litre.
OGRA utilized the seven-working-day rolling average of the daily Platts Arab Gulf Means Price to calculate the new rates. On September 18, the average prices were USD 131.33 per barrel for petrol and USD 124.75 per barrel for HSD. Pakistan imports over 80% of its petroleum products consumption. Both petrol and HSD prices retain their levies and profit margins, with no alterations in government-imposed taxes.
The import costs for both products are fixed at Rs280.33 per litre for petrol and Rs318.05 per litre for HSD. Customs duties remain constant at Rs21.15 per litre for petrol and Rs15.68 per litre for HSD. Inland Freight Equalisation Margin (IFEM) saw adjustments of Rs7.61 per litre for petrol and Rs4.02 per litre for HSD.
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