Petrol price cut by Rs1.49, HSD’s by Rs2.73
ISLAMABAD: In its daily review, the government on Tuesday reduced the petroleum prices for September 30. According to an official notification, the ex-depot petrol price has dropped by Rs1.49 to Rs387.54 per litre from Rs389.03. Meanwhile the price of High Speed Diesel (HSD) fell by Rs2.73 to settle at Rs402.24 per litre from Rs404.97. The Petroleum Division has announced lower ex-depot prices…
On Tuesday, the government made adjustments to petroleum prices as part of its daily review. The ex-depot price of petrol fell by Rs1.49, now standing at Rs387.54 per litre, down from Rs389.03. High Speed Diesel (HSD) experienced a larger reduction, with its ex-depot price falling by Rs2.73 to Rs402.24 per litre, from Rs404.97. These changes were implemented based on the working of the Oil and Gas Regulatory Authority (OGRA), which used a seven-working-day rolling average of the daily Platts Arab Gulf Means Price.
The average price of petrol decreased to USD 127.92 per barrel, compared to USD 128.76 per barrel on September 29, while the average price of HSD dropped to USD 111.76 per barrel, down from USD 113.31 per barrel. Import costs for both petrol and HSD saw a decrease, with petrol's import cost reduced to Rs276.78 per litre from Rs278.27 per litre, and HSD's import cost going down to Rs317.24 per litre from Rs319.97 per litre.
The government levies and fixed profit margins for both fuels remained unchanged, with petrol and HSD each bearing a Petroleum Levy of Rs80 per litre and a Climate Support Levy of Rs5 per litre. Additionally, the Inland Freight Equalisation Margin (IFEM) was adjusted at Rs7.91 for petrol and Rs4.19 per litre for HSD.
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