ISLAMABAD: The Petroleum Division has announced an increase in domestic fuel prices for September 16 following a surge in global refined product costs driven by mounting geopolitical tensions. According to the official notification, the ex-depot price of petrol rises by Rs4.10 to Rs384.34 per litre (up from Rs 380.24), while High-Speed Diesel (HSD) climbs by Rs6.41 to reach Rs415.83 per litre.
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. Levies and profit margins remain largely steady across both products. The change is recorded in ex-refinery price of both petroleum products.
According to a 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 Rs 80 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.
READ MORE: Govt raises petrol price by Rs4.42, diesel by Rs6.10
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.
The Petroleum Levy has recently become the centre of the political debate over fuel prices. Jamaat-e-Islami has demanded its complete abolition, arguing that removing the levy would provide substantial relief to consumers.
Copyright Business Recorder, 2026