Petrol prices in Pakistan are expected to fall by Rs9.62: It is expected to fall from Rs235.98 per liter to Rs226.36 after a Rs9.62 per liter cut on September 16 (Friday) for the next two weeks.
However, a minor increase of Rs3.04 per liter is expected in diesel prices, raising the rate from Rs247.26 to Rs250.30 for the specified period.
According to industry sources, the average Platts price for motor spirit fell by Rs9.55 to Rs92.28 from Rs101.83 for the period September 1–15. However, the exchange rate remained higher when compared to the rate recorded from August 16 to 31.
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With customs duty remaining unchanged at Rs15.39 per litre, the cost of one litre petrol in the refinery fell by Rs7.84 per litre to Rs166.76 from Rs174.61 per litre.
However, the ex-refinery price of one litre of petrol is expected to fall by Rs9.62 to Rs173.43 from Rs183.04 per litre.
While the average Platts price for diesel fell by Rs6.46 per litre during September 1-15, to Rs133.93 from Rs140.38 per litre, the cost and freight in dollars increased. Similarly, the exchange rate remained higher at Rs225.63 against Rs217.81 during the August 16-31 period, representing a Rs7.87 increase.