Petrol nears Rs400, HSD crosses Rs420 as fuel hikes pile up

by admin

ISLAMABAD: Petrol and high-speed diesel prices have surged again, with petrol rising by Rs6.88 and HSD by Rs5.62 per litre, pushing cumulative increases since September 8 to Rs45.35 and Rs43.40 respectively.

The Oil and Gas Regulatory Authority (OGRA) has determined the ex-depot prices of petroleum products applicable for September 17, 2026, amid continued volatility in international crude oil and petroleum product markets.

Under the latest revision, petrol has been increased from Rs384.34 to Rs391.22 per litre, while high-speed diesel (HSD) has risen from Rs415.83 to Rs421.45 per litre.

The Petroleum Division said the latest increase was primarily linked to higher international prices of petrol and diesel. Changes in Platts rates, premiums and other relevant factors were also taken into account while determining the revised prices.

The latest increase has further intensified the pressure on consumers following a series of upward revisions during the past several days. Petrol has climbed from Rs345.87 per litre on September 8 to Rs391.22 on September 17, representing an increase of Rs45.35 per litre.

HSD, meanwhile, has increased from Rs378.05 to Rs421.45 per litre during the same period, registering a cumulative rise of Rs43.40 per litre.

The magnitude of the increase means consumers are now paying significantly more for everyday mobility and transportation. Motorcycle users, car owners, rickshaw operators and other light-vehicle users are directly exposed to the higher petrol price.

The impact extends beyond individual motorists. Higher petrol prices increase operating expenses for taxis, ride-hailing services, delivery businesses and commercial vehicles, while operators may seek to recover additional fuel expenses through higher fares and service charges.

The increase in HSD has an even wider economic impact because diesel is extensively used by trucks, buses, tractors and heavy commercial vehicles.

Transport operators moving food, agricultural commodities, industrial raw materials and consumer goods are likely to face higher fuel bills. Any increase in freight costs can raise logistics expenses throughout the supply chain and add pressure to prices paid by consumers.

The agriculture sector is similarly exposed to the increase in HSD prices. Tractors and other farm machinery rely heavily on diesel, while diesel-powered vehicles are used to transport agricultural produce from farms to markets.

The latest revision therefore adds to the financial pressure already being faced by households, farmers, transport operators and businesses.

The successive increases are also significant because the additional burden has accumulated through repeated revisions. Petrol alone has become Rs45.35 per litre more expensive since September 8, while HSD has risen by Rs43.40 per litre.

The latest rates are applicable for September 17, 2026, further raising the cost of mobility and transportation across the country.

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