Govt hikes petrol price by Rs5.36, diesel by Rs11.37 per litre
The rate for high-speed diesel was also increased by Rs11.37 per litre, taking it to Rs284.35 per litre.
In a notification, the Finance Division stated that the new prices will take effect from July 16, 2025.
In the last fortnightly review, the government had increased the petrol price by Rs8.36 per litre to Rs266.79, and diesel by Rs10.39 per litre, to Rs272.98.
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ISLAMABAD: An ex-change rate adjustment of Rs 3.21 per litre on high-speed diesel (HSD) for Pakistan State Oil (PSO), a major importer, has driven up HSD price in the fortnightly review for the first half of August. On Thursday, the Finance Division announced a Rs 1.48 per litre increase in High-Speed Diesel (HSD) price, while petrol's price decreased by Rs 7.54 per litre. Additional factors contributing to the increase in HSD prices include an enhanced petroleum levy, raised from Rs 74.51 to Rs 77.01 per litre. The petroleum levy on petrol was also raised from Rs 75.52 to Rs 78.02 per litre. Petrol price cut by Rs7.54, HSD's up by Rs1.48 A presidential ordinance was issued on 15th April 2025, which lifted the 70 rupee per litre cap on the petroleum levy. Finance Bill 2025-26 removed the relevant clause of the Fifth Schedule thereby empowering the Federal Government to change the levy and pre-empting the need for an extension of the presidential ordinance. A carbon levy has also been imposed at the rate of 2.50 rupees per litre on both HSD and petrol, a condition for the $ 1.4 billion Resilience and Sustainability Facility from the International Monetary Fund. High-Speed Diesel saw a minor 20 paisa increase in the Inter-Freight Equalization Margin (IFEM), from Rs 6.04 to Rs 6.24 per litre while IFEM on petrol decreased by 19 paisa - from Rs 8.89 to Rs 8.70 per litre. Average of Platts with incidentals and duty was raised on HSD from Rs 177.89 to Rs 180.36 per litre. Whereas, the average of Platts with incidentals & duty on petrol decreased by Rs 8.26 per litre from Rs 167.51 to Rs 159.25 per litre. On year to year basis, petrol sales rose by 6 percent to 7.6 million tons, supported by higher automobile sales and relatively lower fuel prices compared to 2024. HSD volumes grew 10 percent to 6.89 million tons, benefiting from improved agricultural and transport sector activity during parts of the year, although seasonal variations remained a factor. Copyright Business Recorder, 2025
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a day ago
- Business Recorder
Petrol price cut by Rs7.54, HSD's up by Rs1.48
ISLAMABAD: Federal government announced Rs 1.48 per litre increase in high-speed diesel (HSD) prices, despite the premium on HSD remaining stable at $3.20 per barrel. However, there is a significant relief for petrol consumers as the ex-depot petrol price has reduced by Rs 7.54 per litre, driven by a decrease of approximately $3 per barrel in global prices. The decision has been taken in fortnightly review with effect from August 1, 2025. The new price of HSD has been increased from Rs 284.35 to Rs 285.83 per litre and petrol price has come down from Rs 272.15 to Rs 264.61 per litre. Finance Division stated, 'Following a review of prevailing international market trends and upon the recommendations of OGRA and relevant ministries, the government has revised the prices of petroleum products for the next fortnight'. In the previous fortnight, the price of petrol increased by Rs5.36 per litre, while the price of HSD rose by Rs11.37 per litre. Copyright Business Recorder, 2025
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Govt slashes petrol price by Rs7.54, hikes diesel by Rs1.48 per litre
The federal government on Thursday decreased the price of petrol by Rs7.54 per litre for the next 15 days, bringing it down to Rs264.61 per litre. The rate for high-speed diesel was also hiked by Rs1.48 per litre, taking it to Rs285.83 per litre. In a notification, the Finance Division stated that the new prices will take effect from August 1, 2025. In the last fortnightly review, the government had increased the petrol price by Rs5.36 per litre to Rs272.15, and diesel by Rs11.37 per litre to Rs284.35.
