{
  "id": 14082015,
  "title": "Petrol price cut by Rs2.93, HSD’s hiked by 61 paise",
  "url": "https://urgent.news/2026/10/13/petrol-price-cut-by-rs2-93-hsds-hiked-by-61-paise",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T00:38:05.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443928/petrol-price-cut-by-rs293-hsds-hiked-by-61-paise"
  },
  "original_language": "en",
  "account": "On October 13, the government announced new fuel prices for the day. The price of petrol has been reduced by Rs2.93, now standing at Rs395.37 per litre, down from Rs398.30 the previous day. In contrast, the price of High-Speed Diesel (HSD) has been raised by 61 paise, reaching Rs396.85 per litre, up from Rs396.24. Over the past week, the average price of refined petrol has decreased slightly to USD 132.17 per barrel, compared to USD 133.48 on October 10. Meanwhile, HSD has increased to USD 108.43 per barrel, up from USD 108.07. The Oil and Gas Regulatory Authority (OGRA) attributes the price change to global events, including adjustments in Platts rates, premiums, and incidentals. The change in price is reflected in the import cost of both products. The price of petrol has dropped to Rs284.59 per litre, down from Rs287.52, while HSD has risen to Rs289.29 per litre, up from Rs288.68. The government maintains fixed profit margins for both fuels - Rs9.98 per litre for dealers and Rs7.87 per litre for oil marketing companies. Both fuels 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.",
  "summary": "ISLAMABAD: In its daily revision, the government on Monday notified new fuel prices for October 13. According to an official notification, the price of has been decreased by Rs2.93 to Rs395.37 per litre from Rs398.30. Whereas the price of High-Speed Diesel (HSD) has been increased by 61 paise to Rs396.85 per litre. During last seven days, the average refined petrol price has been slightly…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}