ISLAMABAD: Petrol has been kept unchanged at Rs377.91 per litre, whereas, High-Speed Diesel (HSD) has slightly up by 85 paise to Rs400.67 per litre from Rs 399.82, despite a drop in the HSD crack spread from USD 41.89 to USD 38 per barrel. The Oil and Gas Regulatory Authority (OGRA) has announced an adjustment in fuel prices effective October 30, driven by rising international market trends and…
The Oil and Gas Regulatory Authority (OGRA) has maintained the price of petrol at Rs377.91 per litre while increasing the price of High-Speed Diesel (HSD) by 85 paise to Rs400.67 per litre. This adjustment, effective October 30, was made in response to rising international market trends and import costs. The global benchmark price for petrol is at USD 121.28 per barrel, while HSD has increased to USD 114.65 per barrel.
Despite a drop in the HSD crack spread from USD 41.89 to USD 38 per barrel, the price increase reflects these international shifts and the Oil and Gas Regulatory Authority's assessment of global developments alongside changes in Platts pricing, premiums, and incidental costs.
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