Petrol price cut by Rs3.93; HSD’s remains unchanged
ISLAMABAD: The government on Friday reduced the price of petrol by Rs3.93 per litre for next three days effective from October 17. However, the price of High Speed Diesel (HSD) has been kept unchanged for the period. According to an official notification, the price of petrol declined to Rs386.30 per litre from Rs390.23 per litre. Meanwhile HSD’s price has been kept unchanged Rs396.96 per litre.…
Islamabad saw a reduction in petrol prices by Rs3.93 per litre, effective from October 17 for the next three days. However, High Speed Diesel (HSD) prices remained unchanged, staying at Rs396.96 per litre. The lowered price brings petrol to Rs386.30 per litre, down from Rs390.23 per litre. Over the past week, the average refined petrol price decreased to USD 124.39 per barrel from USD 127.24 per barrel on October 16.
In contrast, HSD prices stayed at USD 108.54 per barrel, unchanged from USD 108.53 per barrel the previous day. The change was prompted by global events like adjustments in Platts rates, premiums, and incidentals. The Petroleum Division's notification confirms that levies and profit margins for both petrol and HSD remain largely steady.
Import costs for petrol dropped to Rs275.56 per litre, while HSD prices stayed at Rs289.40 per litre. Government levies and fixed profit margins for both fuels have not changed. Both petrol and HSD are subject to a Petroleum Levy of Rs80 per litre and a Climate Support Levy of Rs5 per litre. The Inland Freight Equalisation Margin (IFEM) remains at Rs7.93 per litre for petrol and Rs4.71 per litre for HSD.
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