The December issue of the World of Petroleum and Bitumen
WPB: The federal government in the Pakistan is anticipated to announce adjustments to petroleum prices on December 31, which may result in higher costs for diesel and kerosene oil, while petrol prices are likely to remain steady.
Insiders from the Petroleum Division revealed that diesel prices could increase by over Rs4 per litre, while kerosene oil might experience a Rs1 per litre hike. Meanwhile, petrol prices are expected to stay unchanged, at least for the time being.
The announcement is scheduled for the year’s final day, with the Finance Minister consulting the Prime Minister before confirming the revised rates. “Petrol prices might also see an increase, but the exact details will become evident after the official notification,” stated a source familiar with the matter.
These anticipated changes are part of the routine review of fuel prices conducted by the government, factoring in international market dynamics and domestic economic needs.
In its previous biweekly review on December 15, the government maintained petrol prices at Rs252.10 per litre while reducing the price of high-speed diesel by Rs3.05 per litre, bringing it to Rs255.38.
Additionally, the prices of kerosene and light diesel were decreased. Kerosene dropped by Rs3.32, now priced at Rs161.66 per litre, and light diesel saw a Rs2.78 reduction, settling at Rs148.95 per litre.
The upcoming adjustments will align with the government’s ongoing fuel price strategy, balancing global trends with local economic pressures.
By WPB
Petroleum, Bitumen, Fuel, Diesel
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