Petrol Price Is Likely to Increase from Oct 1
ISLAMABAD — The federal government is set to raise petrol prices starting October 1, with increases expected between Rs. 1.97 and Rs. 4.65 per litre.
According to calculations from the oil industry:
- Petrol may rise by Rs. 1.97 per litre
- High-speed diesel (HSD) could go up by Rs. 2.48 per litre
- Light diesel oil (LDO) is expected to increase by Rs. 1.76 per litre
- Kerosene may see the largest hike, around Rs. 4.50 per litre
Heavy Levies and Duties on Fuel
Petroleum products are exempt from general sales tax, but the government collects significant levies instead. Current charges include:
- Diesel: Rs. 79.50 per litre
- Petrol and high-octane fuels: Rs. 80.52 per litre (including Rs. 2.50 under the Carbon Surcharge Levy)
Additionally, customs duties of Rs. 16–17 per liter apply to both imported and locally refined petrol and diesel.
Earlier Price Adjustment
This upcoming hike comes shortly after a mid-September adjustment. On September 16, the Finance Division:
- Kept petrol unchanged at Rs. 264.61 per litre
Increased HSD by Rs. 2.78, bringing it to Rs. 272.77 per litre
What do you think about the expected jump in petrol price? Tell us in the comments section.