ISLAMABAD
The government is likely to increase the price of petrol by Rs15 per litre for the second half of April 2023 while the price of high-speed diesel (HSD) may be raised by only 30 paisa.
According to oil industry sources, the ex-depot price of petrol is expected to go up by Rs14.77 per litre, HSD by Rs0.30 per litre, kerosene oil Rs8.96 per litre and light diesel oil (LDO) Rs3.36 per litre for the second fortnight of April.
The estimated hike in prices is based on the current rate of petroleum levy and general sales tax (GST), according to sources.
If the government approves the rate revision, the sale price of petrol will rise to Rs286.77 per litre from the existing Rs272 per litre.
Similarly, the ex-depot price of HSD will reach Rs293.30 per litre while kerosene oil will be available at Rs189.25 per litre. Moreover, the ex-depot price of LDO will increase to Rs286.93 per litre.
According to sources, the current ex-refinery price of petrol is Rs207.16/litre and the next expected refinery price will be Rs221.51/litre, with a variation of Rs14.35.
