ISLAMABAD: The government has increased the price of petrol by Rs5.58 per litre and high-speed diesel (HSD) by Rs4.18 per litre, according to a Petroleum Division notification issued on Tuesday.
The new prices will take effect from Wednesday (September 9), with petrol rising to Rs364.35 per litre from Rs358.77 and HSD to Rs385.95 from Rs381.77.
The adjustment was made by the Oil and Gas Regulatory Authority (Ogra) under the federal government’s daily fuel-pricing mechanism.
The latest increase comes a day after petrol prices were raised by Rs12.90 per litre and HSD by Rs3.72 per litre. International refined petroleum product prices have continued to rise amid geopolitical tensions in the Middle East.
Under the new pricing system approved by the federal cabinet, Ogra calculates ex-depot prices daily using a rolling seven-day average of international market rates. Prices announced on Fridays remain unchanged during the weekend.
The daily pricing mechanism replaced the previous weekly system, which had been introduced after disruptions in global energy markets earlier this year.
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Petroleum Minister Ali Pervaiz Malik has said the system enables international price changes to be passed on more quickly and brings Pakistan’s fuel-pricing mechanism closer to international practice.
The government currently collects around Rs114 per litre in taxes and duties on petrol and about Rs100 per litre on diesel.
Petrol is mainly used by private vehicles, rickshaws and motorcycles, while diesel is widely used by heavy transport, generators and parts of the power sector.
