The federal government is considering keeping petrol prices steady while making a slight reduction in the ex-depot price of high-speed diesel (HSD) starting October 1.
According to reports from Business Recorder, officials anticipate that petrol prices will remain unchanged at Rs249.10 per litre, largely due to the current petroleum levy (PL) and general sales tax (GST) on petroleum products.
However, there may be price reductions for HSD, kerosene oil, and light diesel oil (LDO) in the first half of October. Estimates suggest that the price of HSD could decrease by Rs2.11, bringing it down from Rs249.69 to Rs247.58 per litre. Similarly, kerosene oil prices might drop by Rs3.23, from Rs158.47 to Rs155.24 per litre.
For light diesel oil, prices are expected to decrease slightly, from Rs141.93 to Rs141.04 per litre. These price adjustments are contingent on shifts in global oil prices.
Currently, the premium on petrol stands at $8.768 per barrel, and the premium for HSD is $5 per barrel, with only minor changes in the exchange rate being noted.
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