New Prices of Petrol and Diesel on May 1, 2025

Staff Report:

ISLAMABAD: The government has reduced the price of petrol and diesel by Rs 2 per liter each, effective from May 1, 2025.

The government was supposed to maintain the current oil prices following a minor fluctuation in global oil prices, effective from May 1, 2025.

Earlier, the government had not passed on relief to the consumers during the last month.

Breakup of Petrol and Diesel Prices

 The government had raised the rate of petroleum levy on petroleum products to collect revenue to redirect to electricity consumers and build road and canal projects in Balochistan province.

According to the provided information, Premium Motor Gasoline (PMG) has been projected to witness a marginal decrease of Rs 0.16 per liter at both the ex-refinery and ex-depot levels. This translates into a 0.1% drop.petrol import on deferred payment

High-Speed Diesel (HSD) is likely to remain relatively stable as it has witnessed a slight increase of Rs 0.01 per liter at both levels of ex-refinery and ex-depot prices.

High speed diesel is mainly used in the transport and agriculture sectors. Therefore, variation in its price has an inflationary impact on the lives of the masses, 

Kerosene and Light Diesel Oil (LDO) were anticipated to experience more noticeable increases. Kerosene is expected to rise by Rs 1.30 per liter at both ex-refinery and ex-depot levels. They are marking a 0.9% and 0.8% increase, respectively.

Similarly, LDO has been estimated to increase by Rs 1.35 per liter at both levels. They indicate a 1.0% rise at the ex-refinery and 0.9% at the ex-depot.

The basis for these local price calculations has been based on current government taxes, the IFEM (Inland Freight Equalization Margin) based on the last pricing.

They have also been calculated with zero US dollar exchange adjustment. Additionally, the PMG premium has been reported at $5.464 per barrel, whereas Platts data has two days remaining for this calculation period.

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