ISLAMABAD — Pakistanis are facing another hit at petrol pumps, as petrol and high-speed diesel prices set to rise again just a day after the previous fuel-price revision was announced earlier this week.
Under latest announcement by the Petroleum Division, petrol will become Rs2.10 per litre more expensive, taking the new price to Rs392.76 per litre from October 3. High-speed diesel (HSD) will also edge higher, increasing by 30 paisas per litre to Rs399.64.
Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the government’s petroleum pricing mechanism.
The Petroleum Division linked the latest adjustment to movements in international oil markets, including changes in Platts rates, premiums and other related costs.
The timing of the latest hike is likely to draw attention from motorists, as the previous revision had only come into force on October 2. Under that adjustment, petrol rose by Rs3.26 per litre, reaching Rs390.66. HSD, meanwhile, received a Rs1.01 per litre reduction, bringing its rate down to Rs399.34.
Petrol Price Trends in Pakistan
| Date | Petrol Price per Litre |
|---|---|
| Sep 23 | Rs392.05 |
| Sep 24 | Rs390.12 |
| Sep 25 | Rs389.28 |
| Sep 26 | Rs391.30 |
| Sep 27 | Rs391.30 |
| Sep 28 | Rs391.30 |
| Sep 29 | Rs389.03 |
| Sep 30 | Rs387.54 |
| Oct 1 | Rs387.40 |
| Oct 2 | Rs390.66 |
The figures show that petrol initially declined from Rs392.05 on September 23 to a 10-day low of Rs387.40 on October 1.
But the downward movement quickly reversed.
By October 2, petrol had climbed to Rs390.66, a one-day increase of Rs3.26 per litre. The October 2 price was nevertheless Rs1.39 per litre below the September 23 rate.
With the latest notification, petrol will cross the Rs392-per-litre mark, while HSD will stand just below Rs400 per litre.
The new prices are scheduled to remain applicable until October 5. The government says the rates have been calculated under the prevailing petroleum pricing mechanism, taking into account international market conditions and associated costs.
Petrol Price crosses Rs390 Again with New Hike for October 2
