ISLAMABAD: The costs of fuel and high-speed diesel are set to rise today (Thursday) for the next two weeks following the exchange rate adjustment, according to The News.
According to government sources, the primary increase in gasoline costs stems from the frightening situation in the Red Sea, where Houthis are targeting and limiting the transit of oil vessels and other ships.
Without the exchange adjustment, the price of petrol is expected to rise by Rs1.97 per litre, from an ex-depot retail price of Rs272.89 to Rs274.86. Similarly, the price of diesel without an exchange adjustment is expected to rise by Rs9.20 per liter, from Rs278.96 to Rs288.16 per litre.
The price of kerosene is also expected to rise by Rs1.57 per liter to Rs188.19 per litre from Rs186.62 per litre if the dollar-rupee exchange rate is not corrected. The price of Light Diesel Oil (LDO) may rise by Rs3.73 per litre to Rs170.59 per litre from Rs168.86 per litre.
Because of the ongoing attacks on ships in the Red Sea, the international market has determined a premium of $9.43 per barrel for petrol and $6.50 per barrel for HSD. However, the ex-refinery price of petrol is expected to rise to Rs191.44 per litre from Rs189.47 per litre, while the new ex-refinery prices of diesel would be Rs207.76 per litre, kerosene oil Rs177.80 per litre, and LDO Rs164.14 per litre.
Currently, the government charges Rs60 per litre petroleum development levy (PDL) on both petrol and diesel. Consumers additionally pay Rs5.69 per litre for IFEM (Internal Freight Equalization Margin), Rs7.87 for OMCs, and Rs8.64 for dealers.
Those who use HSD in their automobiles pay Rs4.24 per litre as IFEM, Rs7.87 as OMCs margin, and Rs8.64 as dealers’ margin.
