Petrol price hiked by Rs12.90, HSD’s by Rs3.72

ISLAMABAD: The government on Monday increased the ex-depot price of petrol by Rs12. 90 per litre to Rs358. 77 per litre, up from Rs345. 87 per litre. Meanwhile, the price of High-Speed Diesel (HSD) has also been increased by Rs3. 72 per litre to Rs381. 77 per litre for September 8. Rising tensions from the US–Iran conflict and disruptions in the Strait of Hormuz continue to drive up global petroleum rates, resulting in a daily increase in domestic fuel prices. The ex-refinery import price of petrol surged by Rs12. 90 per litre, rising from Rs235. 42 to Rs248. 32, while high-speed diesel (HSD) saw an increase of Rs3. 72, moving from Rs271. 18 to Rs274. 90 per litre. A Petroleum Division notification confirms that levies and profit margins remain largely steady across both products According to a Petroleum Division notification, 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. 02 per litre for petrol and Rs15. 68 per litre for HSD, while the Inland Freight Equalisation Margin (IFEM) has been adjusted at Rs7. 60 and Rs4. 02 per litre, respectively. The Petroleum Pricing Committee, led by Minister for Petroleum Ali Pervaiz Malik, proposed June 2027 as the timeline for deregulation. Copyright Business Recorder, 2026

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