Petrol price cut by 43 paise, HSD’s up by Rs3.47

ISLAMABAD: The Petroleum Division has announced an increase in High Speed Diesel (HSD) price by Rs3. 47 per litre for September 18 following a surge in global refined product costs due to geopolitical tensions. According to the official notification, the ex-depot price of petrol decreases slightly by 43 paise per litre to Rs390. 79 per litre from Rs391. 22, while HSD climbs by Rs3. 47 to reach Rs424. 92 per litre. The Oil and Gas Regulatory Authority (OGRA) calculated the updated rates using a seven-working-day rolling average of the daily Platts Arab Gulf Means Price. The average of petrol prices stands at USD 131. 33 per barrel on September 18, while HSD is USD 124. 75 per barrel over the same period. Pakistan imported more than 80 percent of its total consumption through import of refined petroleum products. A Petroleum Division notification states that 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 fixed at Rs280. 33 per litre, whereas, cost of HSD price has gone up to Rs318. 05 per litre. The government levies and fixed profit margins for petrol and high-speed diesel (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. Meanwhile, customs duties stay fixed at Rs21. 15 per litre for petrol and Rs15. 68 per litre for HSD, while the Inland Freight Equalisation Margin (IFEM) has been adjusted at Rs7. 61 on petrol and Rs4. 02 per litre on HSD. Copyright Business Recorder, 2026

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