ISLAMABAD: The government on Wednesday increased the price of petrol by Rs2.29 per litre and high-speed diesel (HSD) by Rs1.11 per litre. The new rates take effect on Thursday, September 3.
According to a notification issued by the Petroleum Division, the Oil and Gas Regulatory Authority (Ogra) revised the ex-depot prices under the federal government’s petroleum pricing mechanism. Petrol (motor spirit) will now cost Rs346.16 per litre, up from Rs343.87, while HSD will retail at Rs372.03 per litre, up from Rs370.92.
The revision follows a smaller increase notified a day earlier. On Tuesday, the government had raised petrol by Rs1.08 per litre to Rs343.87 and HSD by 51 paise to Rs370.92, effective for September 2.
The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. Dealer margins stand at Rs9.98 per litre on both products.
The latest adjustment comes under the daily fuel price review mechanism introduced in mid-July. Petroleum Minister Ali Pervaiz Malik had announced that Ogra would set prices daily based on international market trends after renewed hostilities between the United States and Iran caused sharp fluctuations in global oil markets. Previously, prices were revised on a weekly basis.
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Petrol prices have risen from Rs315.80 per litre in late July to the current level. Diesel, after peaking at Rs520.35 per litre in early April, has since moderated but remains elevated compared to levels seen before the Middle East conflict intensified earlier in the year.
Higher fuel costs typically feed into transport fares and the prices of essential goods, affecting households and commercial operators that rely on road transport.
