The federal government on Saturday hiked the speed for high-speed diesel (HSD) by Rs11.30, whereas leaving the value of petrol unchanged for the approaching fortnight.
In a late-night notification, the Petroleum Division mentioned the revision adopted actions in worldwide markets and proposals from the Oil and Fuel Regulatory Authority (Ogra).
Based on the notification, the ex-depot value of HSD was set at Rs268.38 per liter from Rs257.08 per liter.
Many of the transport sector runs on HSD. Its value is taken into account inflationary as it’s principally utilized in heavy transport autos, trains and agricultural engines like vehicles, buses, tractors, tube-wells, threshers, and notably provides to the costs of greens and different edibles.
In the meantime, the ex-depot petrol value was unchanged, remaining Rs253.17 per litre.
Petrol is primarily utilized in non-public transport, small autos, rickshaws, and two-wheelers, and straight impacts the budgets of the center and lower-middle courses.
The notification mentioned the costs could be relevant from February 1 (Sunday).
