WASIM IQBAL

ISLAMABAD: In its daily revision of fuel prices, the government on Tuesday increased the ex-depot price of petrol by Rs5.58 to Rs364.35 per litre, up from Rs358.77 per litre for September 9, 2026.

Similarly, the price of High-Speed Diesel (HSD) has also been increased by Rs4.18 to Rs385.95 per litre.

Global refined product prices continue to climb amid escalating regional geopolitical tensions, rising from USD 111.50 per barrel during September 5–7 to USD 113.61 on September 8, and now reaching USD 116.22 per barrel.

The ex-refinery import price of petrol has surged by Rs5.58, rising from Rs248.32 to Rs253.90 per litre, while HSD saw an increase of Rs4.18, moving from Rs274.90 per litre to Rs279.08 per litre.

A Petroleum Division notification confirms that levies and profit margins remain largely steady across both products.

According to the notification, government levies and fixed profit margins for petrol and high-speed diesel (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. 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 Rs7.60 on petrol and Rs4.02 per litre on HSD.

According to latest data, Pakistan’s crude/POL imports declined by 11 percent YoY to 1.24 million tonnes in July 2026, driven by a sharp 35 percent YoY fall in MS imports, while HSD and JP-1 imports were nil, amid higher refinery utilisation levels.