ISLAMABAD: The ex-depot price of petrol has been reduced by Rs2 per litre, bringing the new retail rate down from Rs332 to Rs330. Meanwhile, the price of High-Speed Diesel (HSD) remains unchanged at Rs360 per litre, offset by Rs2.99 per litre increase in the Inland Freight Equalisation Margin (IFEM). Motorists will receive slight relief at fuel stations starting November 14 to 16 following a downward revision in petroleum prices.
The regulator attributed these adjustments to global developments alongside changes in Platts pricing, premiums, and incidental costs. International benchmark prices of petrol decreased to USD 90.35 per bbl from USD 91.64 per bbl, however, premium including freight increased USD 28.76 per bbl, while HSD benchmark prices decreased to USD 92.72 per barrel from USD 94.16 per bbl.
The ex-refinery price of petrol has decreased to Rs235.05 from Rs237.31 per litre. While the ex-refinery cost of HSD decreased to Rs249.55 per litre (previously Rs252.08) following decrease in global oil prices.
The government continues to collect the full petroleum levy of Rs80 per litre. Under the revised arrangement, consumers pay Rs63.64 per litre, while refineries bear the rest Rs16.36 per litre. Under a new pricing mechanism for 30 days, oil refineries will contribute to the petroleum levy by bearing a cumulative impact of Rs15 billion.
For High-Speed Diesel, the price drop reflects international market trends, primarily driven by a decline in the global HSD crack spread, which dropped from USD 41.89 to USD 38.00 per barrel.
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 IFEM is fixed at Rs8.13 per litre for petrol, and Rs8.09 per litre for HSD.
Copyright Business Recorder, 2026
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