Govt caps HSD crack at $38 per barrel for 3 months
The federal cabinet has approved amendments to the crude-based pricing mechanism for High Speed Diesel (HSD), setting a ceiling of $38.00 per barrel on the HSD crack for the Iran-US war period. The floor stays at $11.33 per barrel.
October 20, 2026 (MLN): The federal cabinet has approved amendments to the crude-based pricing mechanism for High Speed Diesel (HSD), setting a ceiling of $38.00 per barrel on the HSD crack for the Iran-US war period. The floor stays at $11.33 per barrel. The changes amend the HSD pricing mechanism approved by the cabinet on August 19, 2026. They were approved on a Petroleum Division summary dated October 19, 2026,...