Petrol price in Pakistan today has dropped by Rs3 per litre, and high-speed diesel has been cut by Rs4 per litre, with the new rates taking effect from November 13. Petrol will now sell at Rs332 a litre, down from Rs335, while diesel will cost Rs360, down from Rs364. The regulator linked the revision to global fuel price movements and to changes in Platts pricing, premiums and other incidental costs.
The new pump rates
The retail rate of petrol has been brought down from Rs335 to Rs332 per litre. High-speed diesel, known as HSD, has moved from Rs364 to Rs360 per litre. The diesel price reduction is larger in rupee terms than the petrol cut, but diesel remains the more expensive of the two fuels at the pump.
The ex-refinery price is the rate at which fuel leaves the refinery, before taxes, levies and margins are added. Retail prices are built up from that base. At the refinery gate, petrol fell to Rs237.31 per litre from Rs240.65, and HSD to Rs252.08 from Rs255.88.
Why the regulator revised prices
The regulator said the change reflects global developments, along with Platts pricing, premiums and incidental costs. Platts is a price-assessment service whose quotes are widely used as fuel benchmarks. International benchmark prices of petrol fell to USD 91.64 per barrel from USD 93.55, and the HSD benchmark fell to USD 94.16 from USD 96.33.
A premium that includes freight, however, rose by USD 28.76 per barrel, which partly offset the fall in benchmark prices. The regulator's figures show how these international movements feed into the rupee rate that consumers pay. The changes apply to the whole country, and the revised rates take effect from November 13.
Levies and margins stay the same
Government levies and fixed margins for petrol and HSD were left unchanged in this revision. Both fuels carry a Petroleum Levy of Rs80 per litre and a Climate Support Levy of Rs5 per litre. Dealers receive a margin of Rs9.98 per litre and oil marketing companies Rs7.87 per litre.
The Inland Freight Equalisation Margin, which is meant to even out transport costs across the country, is fixed at Rs8.17 per litre for petrol and Rs5.10 per litre for HSD. Because these charges did not change, the cut comes from the movement in the fuel price itself, as the regulator explained.
Aasan alfaaz mein
Petrol ki qeemat mein 3 rupay per litre kami hui hai, aur ab yeh Rs335 ki bajaye Rs332 par mil raha hai. High-speed diesel 4 rupay sasta hua hai, Rs364 se Rs360 per litre. Yeh nai qeemat 13 November se lagu hogi, aur petroleum levy abhi bhi Rs80 per litre hai.
