SLAMABAD: The ex-depot prices of petrol has decreased by Rs 2.27 per litre from Rs 391.30 to Rs 389.03 per litre while High Speed Diesel (HSD) dropped by Rs 3.56 per litre to settle at Rs 404.97 per litre effective for September 29.
The Petroleum Division has announced lower ex-depot prices for petrol and HSD, based on the working of the Oil and Gas Regulatory Authority (OGRA) using a seven-working-day rolling average of the daily Platts Arab Gulf Means Price. During this period, the average petrol price has been reduced to USD 128.76 per barrel (compared to USD 129.54 per bbl on September 26), while HSD decreased to USD 113.31.44 per barrel from USD 115.34 per bbl.
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 decreased to Rs 278.27 per litre from Rs 280.54 per litre, whereas, cost of HSD price has gone down to Rs 319.97 per litre from Rs 323.53 per litre.
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 Rs 80 per litre, a Climate Support Levy of Rs 5 per litre, and profit margins of Rs 9.98 per litre for dealers and Rs 7.87 per litre for oil marketing companies.
Meanwhile, customs duties stay fixed at Rs 24.78 per litre for petrol and Rs 15.68 per litre for HSD, while the Inland Freight Equalization Margin (IFEM) has been adjusted at Rs 7.91 on petrol and Rs 4.06 per litre on HSD.
