Rs11 | Pakistan

ISLAMABAD: The price of high-speed diesel (HSD) is likely to fall by about Rs11.50 per litre, while petrol may see an increase of Rs1.40 per litre for the next fortnight beginning Aug 16, driven by shifts in the global market and exchange rate movements. Based on current tax rates, informed sources said the ex-depot price of HSD is estimated to decline by around 4pc, depending on final calculations, while petrol could rise by about 0.5pc. International petrol prices inched up by 15 cents per barrel over the past fortnight, while diesel rates fell by about $4.5 per barrel. The rupee also appreciated slightly against the dollar. The current ex-depot petrol price stands at Rs264.61 per litre, following a Rs7.54 per litre cut on August 1. This came after cumulative hikes of Rs20 per litre in the previous four fortnights since May 15. Petrol, used mainly in private cars, small vehicles, rickshaws and two-wheelers, directly impacts the budgets of middle- and lower-middle-income groups. HSD is presently priced at Rs...

The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight. A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries. The new petrol price is Rs272.15 per litre and Rs284.35 for HSD. The press release did not mention any changes in the prices of kerosene and light diesel oil. According to informed sources, the ex-depot price of petrol was projected to rise by about two per cent to Rs272.04 per litre, while HSD was likely to see a 2.5pc increase to approximately Rs279.48 per litre. Widely used in motorcycles, rickshaws, and private vehicles, petrol has a direct impact on the budgets of middle- and lower-income households. Diesel fuels heavy transport, agricultural machinery, and trains. Its price is considered highly inflationary, influencing the cost of food and other essential goods. Transporters had already begun adjusting fares in anticipation of...