Govt caps HSD crack at $41.89, crings back crude-based pricing
The government has approved a revised crude-based pricing mechanism for High-Speed Diesel (HSD), setting a $41.89 per barrel ceiling on the HSD crack and a $11.33/bbl floor, as part of measures to address elevated crude oil, freight and insurance cos
August 20, 2026 (MLN): The government has approved a revised crude-based pricing mechanism for High-Speed Diesel (HSD), setting a $41.89 per barrel ceiling on the HSD crack and a $11.33/bbl floor, as part of measures to address elevated crude oil, freight and insurance costs amid the Iran-US war. The Federal Cabinet approved the Petroleum Division’s proposal on 19 August 2026, with the revised mechanism to be...