Overview
- The government, which announced the move Friday, set petrol at Rs393.35 per litre and high-speed diesel at Rs380.19 for the week starting Saturday.
- The jump stems largely from a higher petroleum levy on petrol of about Rs107.4 per litre, even though ex-refinery prices fell slightly in the latest review.
- Diesel costs rose after the inland freight margin climbed by roughly Rs30.21 to Rs37.75 per litre, with Pakistan State Oil facing record import premiums linked to Strait of Hormuz disruptions.
- Kerosene fell by about Rs63.6 to roughly Rs365 per litre and light diesel oil dropped to about Rs270, yet transporters raised fares and goods carriers lifted freight rates by around 10 percent.
- Officials reported about Rs1.2 trillion collected in petroleum levies this fiscal year, while sources say the IMF wants further increases, and state-run PLL secured three spot LNG bids to help keep power generation stable as demand rises.