ISLAMABAD – The caretaker federal authorities has decreased the costs of Petrol and Excessive Velocity Diesel by Rs 40/litre and Rs 15/litre respectively for the subsequent fortnightly of October.
“Owing to the reducing development of the petroleum costs within the worldwide market and on account of appreciation of Pak rupee in opposition to the US greenback, the federal government has determined to revise the present shopper costs of petroleum merchandise,” stated a notification issued by Finance Division yesterday evening.
The costs of Kerosene Oil and Mild Diesel Oil have additionally been decreased by Rs 22.43/litre and 19.59/ litre, for the final fortnightly of October (16 Oct to 31 Oct).
In accordance with the notification, the worth of Petrol has been decreased by Rs40/litre, shine HSD by Rs 15/litre.
Following the lower, the brand new ex-depot value of petrol was set at Rs 283.38/litre as an alternative of present Rs323.38/litre for the subsequent fortnight. Equally, the ex-depot value of HSD was mounted at Rs 303.18/litre as an alternative of the present Rs318.18/litre.
After discount, the worth of Kerosene Oil come right down to Rs 214.85/litre from the sooner Rs237.28/litre. Regardless of lowering the costs twice over the past two revisions the costs of Petrol and HSD are nonetheless excessive from the extent it was handed over to the Caretakers by the PDM authorities. Previous to the caretaker govern-ment’s assuming the ability, the worth of petrol was Rs 272.95/liter, whereas HSD value was Rs 273.40/litre.
It’s value to say right here that since assuming the ability the caretaker authorities had thrice elevated the costs of petroleum merchandise within the nation, whereas decreased it twice. The three hikes by the interim authorities within the costs of petroleum merchandise had elevated the worth of petrol by Rs 58.43/litre within the value of Petrol and HSD by Rs 55.78/litre.
Nevertheless, for the primary fortnightly of October the federal government had decreased the costs of Petrol and HSD by Rs8/ litre and Rs 11/litre, respectively. Now as soon as once more the costs have been decreased by Rs 40/litre and Rs 15/litre respectively. Petroleum Levy on HSD has been enhanced by Rs5/litre from Rs 50/litre to Rs 55/ litre, whereas on Petrol it can stay unchanged at Rs60/litre.
Previous to the caretaker authorities’s assuming the ability the worth of petrol was Rs 272.95/liter, whereas HSD value was Rs 273.40/litre. Additionally it is value to notice right here that within the final revision of its tenure, the PDM authorities had additionally elevated the costs of Petrol and Excessive Velocity Diesel by Rs 19.95/litre and 19.90/ litre respectively for the primary fortnightly of August. The federal government is charging Rs 60/litre Petrol.
Over the past fortnightly, the ex-refinery value of Petrol has decreased by Rs 40.76/litre from 243.09/litre through the earlier fortnightly to Rs 202.33/litre for the subsequent fortnightly. The IFEM has additionally decreased by Rs 0.12/ litre through the interval bringing the entire discount to Rs40.88/litre. Nevertheless, after growing OMCs margin and vendor fee by Rs 0.88/litre, the ex-depot value of Petrol was decreased by Rs 40/litre.
Likewise, the ex-refinery value of HSD has decreased by Rs 21.10/litre from 252.48/litre through the earlier fortnightly to Rs 231.38/ litre for the subsequent fortnightly. The IFEM was elevated by Rs 0.12/ litre and PL was enhanced by Rs5/litre. After growing OMCs margin and vendor fee by Rs 0.98/ litre, the ex-depot value of HSD was decreased by Rs 15/litre.