ISLAMABAD: The price of petrol has been reduced by Rs6.59 per litre, bringing the retail price down to Rs346 per litre. High-Speed Diesel (HSD) saw a cut of Rs4.25 per litre, fixing its new rate at Rs378 per litre, down from the previous Rs382.25 per litre, effective till November 10.
The regulator attributed these adjustments to global developments alongside changes in Platts pricing, premiums, and incidental costs. International benchmark prices of petrol has decreased to USD 101.92 per bbl from USD 105.94 per barrel or USD 4.02 per bbl reduction, however, premium including freight remained as high as USD 25.67 per bbl, while HSD benchmark prices has decreased to USD 104.34 per barrel from USD 106.90 per bbl.
The ex-refinery price of petrol has decreased to Rs249.92 from Rs256.94 per litre. While the ex-refinery cost of HSD decreased to Rs269.86 per litre (previously Rs274.32).
Consumers across the country will get relief at the fuel pumps on November 7-10, as the Oil and Gas Regulatory Authority (OGRA) announced a reduction in the ex-depot prices of petrol and HSD.
Government levies and fixed profit margins for petrol and HSD remain unchanged. Both fuels carry a Petroleum Levy of Rs80 per litre, a Climate Support Levy of Rs5 per litre, and profit margins of Rs9.98 per litre for dealers and Rs7.87 per litre for oil marketing companies. The Inland Freight Equalisation Margin (IFEM) is fixed at Rs8.17 per litre for petrol, and Rs5.10 per litre for HSD.
Copyright Business Recorder, 2026
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