The federal government on Wednesday slashed the charges for petrol and high-speed diesel (HSD) by Rs10.28 and Rs8.57, respectively, for the approaching fortnight.
In a late-night announcement, the Petroleum Division stated the revision follows actions in worldwide markets and proposals from the Oil and Gasoline Regulatory Authority (Ogra).
In accordance with the announcement, the ex-depot petrol value was lowered to Rs253.17 per liter from its earlier value of Rs263.45. Petrol is primarily utilized in personal transport, small autos, rickshaws, and two-wheelers, and instantly impacts the budgets of the center and lower-middle courses.
In the meantime, the ex-depot value of HSD was decreased to Rs257.08 per liter for the present fortnight from Rs265.65 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.
Though normal gross sales tax (GST) is zero on all of the petroleum merchandise, the federal government is charging Rs78 per liter on diesel and Rs82 per liter on petrol and excessive octane merchandise on account of petrol levy and an Rs2.50 per liter local weather help levy (CSL).
The federal government can be charging about Rs16-17 per liter customized obligation on petrol and HSD, no matter their native manufacturing or imports. As well as, about Rs17 per liter distribution and sale margins are going to grease firms and their sellers.
Petrol and HSD are the main income spinners with their month-to-month common gross sales of about 700,000 – 800,000 tonnes per thirty days in comparison with simply 10,000 tonnes of month-to-month demand for kerosene. The federal government recovered about Rs1.161 trillion via the petroleum levy alone in FY2025 and expects this to leap by about 27pc to Rs1.470 trillion throughout the present fiscal yr.
