HSD/petrol price go up

ISLAMABAD: Interim government may increase the price of high speed diesel (HSD) by Rs 8 per litre with keeping the price of petrol unchanged fortnight starting from February 16, 2024.

The government may sustain the price of kerosene oil (kero) and increase the rate of light diesel oil (LDO) by Rs 2.50 per litre

The price of HSD may go up from Rs 285 to Rs 293 per litre, whereas the price of petrol may sustain at present Rs 272.89 per litre.

Pakistan State Oil (PSO) has paid $9.43 per bbl premium on petrol, down to $9.47 recorded in last fortnight and $6.50 per bbl on HSD. The estimated exchange rate adjustment on petrol is 50 paisa and Rs 1.70 per litre on HSD.

The calculation for the fortnight starting from February 16 is based on the current rate of petroleum levy (PL) and general sales tax (GST).

The price of Brent went up by around $ 1.5 per barrel to $ 83 from $ 81.55 per barrel since February 1 while HSD had become costlier by about $ 3 per barrel.

The Oil and Gas Regulatory Authority (Ogra) has yet to work out the recommended fuel prices for the first half of February. The authority calculated the prices of petroleum prices keeping in view monthly tax targets and estimated fuel consumption and supply cost of Pakistan State Oil (PSO). ENDs

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