Diesel price nears Rs400 as govt adds over a rupee to petrol, HSD rates

The government on Wednesday raised the price of petrol by Rs1.85 per litre and that of high-speed diesel (HSD) by Rs1.75, pushing the HSD rate to nearly Rs400. Following the revision, petrol will retail at Rs377.91 per litre, while HSD will cost Rs399.82 per litre on Oct 29 (Thursday), according to the Petroleum Division’s notification. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. On Tuesday, Jamaat-i-Islami (JI) chief Hafiz Naeemur Rehman met with Prime Minister Shehbaz Sharif in Islamabad to discuss his party’s demand to…