ISLAMABAD: The ex-depot petrol price has dropped by 14 paise to Rs387.40 per litre from Rs387.54 per litre, while High Speed Diesel (HSD) fell by Rs1.89 to Rs400.35 per litre from Rs402.24, effective for October 1.
Oil and Gas Regulatory Authority (OGRA) states that the change in price is necessitated by global events including changes in Platts rates, premiums, incidentals etc.
During last seven days, the average petrol price has been reduced to USD 127.74 per barrel (compared to USD 127.74 per bbl on September 30), while HSD decreased to USD 110.68 per barrel from USD 111.76 per bbl.
A Petroleum Division notification states that levies and profit margins remain largely steady across both products. The change is recorded in import cost of both petroleum products. The import cost of petrol has been decreased to Rs276.64 per litre from Rs276.78 per litre, whereas, cost of HSD price has gone down to Rs293.36 per litre from Rs296.24 per litre.
The 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) has been adjusted at Rs7.91 on petrol and Rs4.19 per litre on HSD.
Copyright Business Recorder, 2026