Government raises HSD prices by Rs7.5 per litre, no change in petrol prices

MG News | July 01, 2023 at 11:49 AM GMT+05:00

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July 01, 2023 (MLN): The federal government decided to raise the price of high-speed diesel (HSD) by Rs7.5 per litre, while maintained the petrol price for the next fortnight, Finance Minister Ishaq Dar said in a press conference on Friday.

The new prices will come into effect from midnight of July 1, 2023.

The revised HSD and petrol prices are Rs260.5 and Rs262 per litre, respectively.

Ishaq Dar stated that the increase in HSD price was due to the increase in petrol and diesel prices in the international markets in the last few days, with diesel rising by $3.5 per barrel.

The Petroleum Development Levy (PDL) was increased by Rs5 to Rs55 per litre on petrol, while the PDL on HSD remained unchanged.

Meanwhile, the sales tax on both the products remained at zero.

Price Builtup

HSD	June 01, 2023	June 16, 2023	July 01, 2023	Difference
Avg of Platts with incidentals & duty	193.55	196.60	201.89	5.29
PSO Exchange adjustment	0.13	0.37	-	(0.17)
Ex Refinery	193.69	196.97	201.89	4.92
PL	50.00	50.00	50.00	-
PDC	-	-	-	-
IFEM	(3.79)	(6.97)	(4.66)	2.31
Sub Total	239.9	240.	247.23	7.5
Dist. Margin (Incl. Extra Margin)	6.10	6.00	6.27	0.27
Dealer Margin	7	7	7	-
Total	253	253	260.5	7.5
Sales tax 0%	-	-	-	-
Max Depot Price	253	253	260.5	7.5

PMG	June 01, 2023	June 16, 2023	July 01, 2023	Difference
Avg of Plans with incidentals & duty	187.26	189.23	186.17	-3.05
PSO Exchange adjustment	770	6.09	1.63	-4.46
Ex Refinery	194.96	195.31	187.8	-7.51
PL	50	50	55	5
PDC	-	-	-	-
IFEM	4.04	3.69	6.2	2.51
Sub Total	249	249	249	-
Dist. Margin (Including Extra Margin)	6	6	6	-
Dealer Margin	7	7	7	-
Total	262	262	262	-
Sales tax 0%	-	-	-	-
Max Depot Price	262	262	262	-

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