Latest news with #HighSpeedDiesel
Business Recorder
19-07-2025
- Business
- Business Recorder
Islamabad: prices of essential kitchen items show rising trend
ISLAMABAD: The prices of essential kitchen items have witnessed an increase during this week past against the previous week owing to third successive increase in petrol and diesel prices, revealed a survey carried out by Business Recorder here on Saturday. Within the past one and half month, the government has increased the price of High Speed Diesel (HSD) oil mainly used for transportation purposes from trains to trucks, buses and trailers by Rs29 per litre and petrol mainly used by private and small vehicles by Rs19 per litre. The increase in fuel prices has played a major role in escalating the prices as transportation cost has jumped up by at least 10 per cent during the period which not only resulted in increasing the prices of daily use items but also edible items from vegetables, meat, eggs to fruits. An increase was noted in chicken prices as it went up from Rs16,000 to Rs16,400 per 40kg in the wholesale market, which in retail is being sold at Rs440 per kg and chicken meat at Rs700 per kg. Eggs' price went up from Rs7,000 to Rs7,300 per carton of 30 dozen which in retail is being sold in the range of Rs260-275 against Rs250-260 per dozen. Sugar price went down from Rs9,100 to Rs8,800 per 50kg bag in the wholesale market, while in retail it is being sold at 190 per kg. Wheat flour price remained unchanged as the best quality wheat flour ex-mill price per 15kg bag is at Rs1,100 which in retail is being sold at Rs1,150 per 15kg bag and normal quality wheat flour per 15kg bag is available at Rs1,000 which in retail is being sold at Rs1,050 per bag. Copyright Business Recorder, 2025
Express Tribune
18-07-2025
- Business
- Express Tribune
Passenger train fares jacked up by 2%
The Pakistan Railways has made a 2% increase in the fares of passenger trains in view of a hike in the price of High Speed Diesel (HSD). This increase in fares will take effect from today, July 18. An undated office memorandum seen by The Express Tribune directed the director IT to ensure the announcement of the new fares on the PR website. The railways has also increased the rate of its freight trains transporting coal by 3% and the trains transporting rock phosphates and fertilizers by 2%. These hikes will apply from July 21. The government on Tuesday raised the prices of petroleum products by up to Rs11 per litre for the second half of July in a regressive step that is likely to exacerbate the economic hardships of people. According to a notification issued by the Finance Division on July 15, petrol price went up by Rs5.36 - from Rs266.79 to Rs272.15 per litre, while the price of the HSD rose by Rs11.37 per litre - from Rs272.98 to Rs284.35 for the July 16-31 period. This hike in the HSD price increased the cost of the PR operation by Rs4 million [39,86,500] per day and around R199 million [119,500,000] per month. On an average, the PR consumes around 350,000 litres of HSD on a daily basis.
Business Recorder
01-07-2025
- Business
- Business Recorder
HSD price up by Rs10.39, petrol's by Rs8.36
ISLAMABAD: The federal government Monday announced a massive increase in the prices of petroleum products with effect from July 1, 2025. The price of petrol has gone up by Rs 8.36 per litre, whereas, High Speed Diesel (HSD) price has also increased by Rs 10.39 per litre. The price of petrol has gone up from Rs 266.79 per litre from Rs 258.43 per litre and HSD's jumped from Rs 262.59 to Rs 272.98 per litre for the fortnight starting July 1, according to the Finance Division's statement. The Finance Division said the decision to increase the prices of petroleum products have been taken in line with the recommendations of Ogra and the relevant ministries. Sources said that the government adjusted the petroleum levy (PL) on petroleum products to levy carbon tax with a rate of Rs 2.50 per litre. The PL on petrol has reduced from Rs 78.02 per litre to Rs 75.52 per litre and HSD also witnessed a reduction in Pl from Rs 77 to Rs 74.51 per litre, sources said. Copyright Business Recorder, 2025
Business Recorder
31-05-2025
- Business
- Business Recorder
Govt increases petrol price by Re1, keeps diesel rate unchanged
The federal government on Saturday increased the price of petrol by Re1, taking the rate to Rs253.63 per litre. However, the price of high-speed diesel (HSD) remained unchanged at Rs254.64 per litre, according to a notification from the Finance Division. The new prices come into effect from June 1, 2025. In the previous review, the government kept the petrol price unchanged while reduced the High Speed Diesel (HSD) rate by Rs2.
The Hindu
27-05-2025
- Business
- The Hindu
Chennai Petroleum Corporation gets govt nod for foray into retail marketing of petrol, diesel
Oil refiner Chennai Petroleum Corporation (CPCL) has received Government of India approval for a foray into retail marketing of petrol and diesel. Petroleum and Natural Gas Ministry conveyed the government's approval to the company to exercise retail marketing rights to market Motor Spirit (MS) and High Speed Diesel (HSD), CPCL informed stock exchange on Tuesday (May 27, 2025). Coming around the diamond jubilee celebrations of the Chennai-headquartered company, the retail licence paves way for CPCL's transformation from a standalone refiner to oil marketeer. A group company of the State-owned Indian Oil Corporation since 2002, CPCL has over the years enhanced capacity of its refinery in suburban Manali, near Chennai, to the existing 10.5 million tonne. It used to operate a smaller, 1 MT refinery in Nagapattinam that since has been dismantled to make way for a 9 million tonne refinery and petrochemicals project proposed as a joint venture between Indian Oil and CPCL. Prime Minister Narendra Modi laid the foundation for the refinery project in February 2021 and over time officials had told media about the progress of land acquisition. In March 2024, Indian Oil Board had approved a revision in cost of the Cauvery Basin Refinery and Petrochemicals project from ₹29,361 crore to ₹33,023 crore and a change in the capital structure of the JV to 75% for IOC and 25% for CPCL – from the earlier equal holding. CPCL (formerly Madras Refineries) would seek to capitalise on its brand identity as a major refiner on east coast and widely expected to initially consider setting up retail outlets for marketing petrol and diesel in the south India. When contacted, the company said there is little at this stage beyond the exchange filing to elaborate on the retailing foray. At present, the standalone refiner's products are marketed by parent IOC. After MRPL (Mangalore Refinery and Petrochemicals) got into fuel retailing, CPCL remains the only standalone refiner in the country. As per media reports, MRPL is eyeing 1,000 retail outlets and around 1 million tonnes of petrol and diesel sales by 2030. Fuel retailing will emerge as a stream of additional revenue for the Chennai-headquartered company though a lot depends on access to stocks after offtake by Indian Oil.
