ISLAMABAD: Prices of petrol and high-speed diesel (HSD) are expected to increase by Rs2–3 per litre from Wednesday, marking the first hike for October in line with global oil price trends.
According to official estimates, the ex-depot rate of HSD may rise by about Rs2.50 per litre (around 1pc), while petrol is likely to see an increase of Rs1.90–2 per litre. Both fuels have already gone up by nearly Rs13 per litre since mid-May.
Currently, petrol is priced at Rs264.61 per litre and is widely used in motorcycles, rickshaws, and small vehicles, directly impacting middle- and lower-income groups. HSD stands at Rs272.77 per litre and is critical for heavy transport, trains, and agricultural machinery, making it highly inflation-sensitive. Transporters had raised fares after a Rs27 per litre hike between May and August, but have yet to revise them despite partial relief in recent weeks.
Meanwhile, kerosene and light diesel oil prices are projected to rise by Rs4.50 and Rs1.75 per litre, respectively.
The government currently charges no GST on petroleum products but collects heavy levies, including Rs79.50 per litre on diesel and Rs80.52 on petrol and high-octane fuels, alongside customs duties of Rs16–17 per litre.
