Business Desk 
Mar 15, 2024
The newly-elected government on Friday Sunday decided to maintain the petrol price at Rs279.75 per litre for the next fortnight — till March 31.
Meanwhile, the government slashed the price of high-speed diesel (HSD) by R1.77 per litre. Diesel will now be available at Rs285.56 from March 16.
In a notification, the Finance Division said: “As part of the fortnightly revision of prices of petroleum products, on the recommendation of Oil & Gas Regulatory Authority (OGRA) , the Government of Pakistan has decided that the consumers prices, with effect from 16th March, 2024 will b3 as follows.”
| Products | Existing price w.e.f 01.03.2024 | New price w.e.f 16.03.2024 | Increase/Decrease |
| MS (Petrol) | Rs279.75 | Rs279.75 | 00 |
| High-Speed Diesel (HSD) | Rs287.33 | Rs285.56 | -1.77 |
Sources within the ministry said the price of kerosene oil has been reduced to 188.86 per litre after a reduction of Rs1.35 per litre in its rate, while the price of light diesel oil has been reduced by Rs2.12 per litre.
A report published in The News mentioned that at present, the government is charging Rs60 per litre of petrol as petroleum development levy (PDL).
Consumers are also paying Rs5.69 per litre on petrol as IFEM (Internal Freight Equalization Margin), Rs7.87 per litre as OMCs margin, and Rs8.64 per litre as dealers margin. Likewise, the government charges Rs60 per litre as PDL on HSD.
Those who consume HSD in their vehicles also pay Rs4.24 per litre as IFEM, Rs7.87 per litre as OMCs margin and Rs8.64 per litre as dealers margin.
