The federal government is contemplating maintaining the current petrol prices while implementing a slight reduction in the ex-depot price of high-speed diesel (HSD) effective October 1.
Due to the existing rates of petroleum levy (PL) and general sales tax (GST) on petroleum products, officials expect that petrol prices will remain unchanged at Rs249.10 per litre, Business Recorder reported.
However, there is potential for price drops in HSD, kerosene oil, and light diesel oil (LDO) during the first half of October. Current estimates indicate that HSD prices may decrease by Rs 2.11, bringing the cost down from Rs249.69 to Rs247.58 per litre. Kerosene oil could also see a reduction of Rs3.23, decreasing from Rs158.47 to Rs155.24 per litre.
Additionally, prices for LDO may fall from Rs141.93 to Rs141.04 per litre. These anticipated price adjustments will depend on fluctuations in the global oil market.
As of now, the petrol premium stands at $8.768 per barrel, while the HSD premium is at $5 per barrel, with minimal changes in the exchange rate noted.
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