Govt keeps petrol price unchanged, reduces HSD’s by Rs3.05 per litre
16 December, 2024 09:01
Expected petrol price in Pakistan from February 1
The government has notified that the prices of petrol will remain unchanged for the next fortnight.
According to a statement issued by the finance division, the price of petrol will remain unchanged at Rs252.10 per litre for the next fortnight
However, a reduction in the price of high-speed diesel by Rs3.05 to Rs255.38 per litre has been announced.
Similarly, the prices of light diesel and kerosene were cut by Rs3.32 and Rs2.78 to Rs161.66 per litre and Rs148.95 per litre, respectively.
The notification read: “The Oil and Gas Regulatory Authority (OGRA) has worked out the consumer price of petroleum products in view of the fluctuations in the in international market in the last fortnight.”
| Existing price | New price | Increase/Decrease | |
| High Speed Diesel (HSD) | 258.43 | 255.38 | -3.05 |
| Petrol | 252.10 | 252.10 | 0.00 |
| Kerosene | 164.98 | 161.66 | -3.32 |
| Light Diesel Oil | 151.73 | 148.95 | -2.78 |
The adjustments are based on the first 15 days of December, reflecting global market volatility due to the recent regime change in Syria.
The crude oil and POL products, currently, in the market are available in abundance, but demand is lower.
In the previous fortnightly review, the federal government increased the price of petrol by Rs3.72 per litre. Petrol price was increased from Rs248.38 to Rs252.10 per litre. The price of HSD was also increased from Rs255.14 per litre to Rs258.43, a rise of Rs3.29.
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