ISLAMABAD: The government on Monday announced revision in petroleum prices, which will remain applicable for Tuesday, October 6.
According to an official notification, the petrol price has been increased by 88 paise per litre to Rs393.64. However, the price of High Speed Diesel (HSD) has been reduced by Rs1.88 per litre bringing it to Rs397.76 from Rs399.64.
Beyond the base rate increase, the primary contributor to the price hike was the adjustment of the Inland Freight Equalisation Margin (IFEM) rising from Rs7.91 to Rs 8.02 per litre for petrol, and from Rs4.19 to Rs4.75 per litre for HSD.
Pakistan State Oil (PSO) has allowed an adjustment exchange rate on petrol at Rs1.33 per litre.
Oil and Gas Regulatory Authority (OGRA) states that the change in price is necessitated by global events including changes in Platts rates, premiums, incidentals etc.
During last seven days, the average petrol price has been increased to USD 130.68 per bbl (compared to USD 130.17 per bbl on October 3), while HSD decreased to USD 108.88 per barrel from USD 109.95 per bbl.
The levies and profit margins remain largely steady across both products. The change is recorded in import cost of both petroleum products. The import cost of petrol has been increased to Rs282.77 per litre from Rs281.89 per litre, whereas, cost of HSD price has gone down to Rs290.16 per litre from Rs292.04 per litre.
According to the Petroleum Division, government levies and fixed profit margins for petrol and HSD remain unchanged. Both fuels carry a Petroleum Levy of Rs80 per litre, a Climate Support Levy of Rs5 per litre, and profit margins of Rs9.98 per litre for dealers and Rs7.87 per litre for oil marketing companies.
Copyright Business Recorder, 2026
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