ISLAMABAD: The Petroleum Division has announced an increase in domestic fuel prices for September 15 following a surge in global refined product costs driven by mounting geopolitical tensions.
According to the official notification, the ex-depot price of petrol has been increased by Rs4.42 to Rs380.24 per litre from Rs375.82. Similarly, the price of High-Speed Diesel (HSD) has also been raised by Rs6.10 reach Rs409.42 per litre from Rs403.32.
The Oil and Gas Regulatory Authority (OGRA) calculated the updated rates using a seven-working-day rolling average of the daily Platts Arab Gulf Means Price. International benchmark prices reflected a sharp upward trend: petrol surged from USD 112.81 to USD 125.35 per barrel between September 12 and September 15, while HSD increased from USD 112.34 to USD 115.84 per barrel over the same period.
A Petroleum Division notification confirms that levies and profit margins remain largely steady across both products. The change is recorded in ex-refinery price of both petroleum products.
The ex-refinery price of petrol has increased to Rs269.78 per litre for September 15 from September 12 price of Rs265.36 per litre, whereas, ex-refinery price of HSD price has gone up to Rs302.56 from Rs296.49 per litre.
According to the Petroleum Division notification, government levies and fixed profit margins for petrol and high-speed diesel (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.
Meanwhile, customs duties stay fixed at Rs21.15 per litre for petrol and Rs15.68 per litre for HSD, while the Inland Freight Equalisation Margin (IFEM) has been adjusted at Rs7.61 on petrol and Rs4.02 per litre on HSD.
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