ISLAMABAD: In its weekly review of petroleum prices effective from June 6, 2026, the government significantly increased petroleum levy (PL) on petrol, but at the same time reduced the levy on the high speed diesel (HSD).
After the petroleum levy adjustment the government reduced petrol price by Rs4 per litre and kept HSD unchanged.
The ex-depot price for HSD remained flat due to PL cuts offsetting a spike in import costs. Meanwhile, petrol has recorded in modest price drop.
Petrol is available with some minor relief at the pump, with the price calculated to decrease by Rs4 per litre, moving from Rs381.78 down to Rs377.78 per litre.
READ MORE: Petrol price slashed by Rs4, HSD’s unchanged
However, the relief on petrol could have been significantly greater. The average international Platts price with incidentals and duty actually plummeted by Rs26.60 per litre (dropping from Rs261.97 to Rs235.37 per litre), and the Ex-Refinery price fell by Rs28.58 per litre.
Most of these substantial international price decline were adjusted by the government, which jaked up the PL on petrol by Rs24.74 per litre — surging from Rs91.34 to Rs116.08 per litre.
For the transport and logistics sectors, HSD prices are holding steady at Rs380.78 per litre reflecting no change.
The government showed a balancing act. The international price of diesel sharply rebounded, with the ex-refinery cost jumping up by Rs24.41 per litre (rising from Rs288.36 to Rs312.77 per litre). To shield consumers from a massive hike at the pump, the government slashed the PL on diesel by Rs24.34 per litre, lowering it from Rs68.93 to Rs44.59 per litre.
The document shows that other fixed margins within the domestic pricing formula have remained entirely unchanged over the last month. Distributor margin maintained at Rs7.87 per litre for both HSD and PMG. Dealer margin also maintained at Rs8.64 per litre for both fuel types.
Copyright Business Recorder, 2026
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