As the New Year approaches, petroleum prices in Pakistan are likely to see adjustments from January 1, 2025. According to sources from the Petroleum Division, diesel prices may increase by over Rs4 per liter, while petrol prices are expected to remain stable for the first fortnight of the new year.
Petrol Price 1 January 2025 Update
Reports indicate that petrol prices will stay at their current rate of Rs252.10 per liter. However, other petroleum products could see changes, with kerosene oil prices expected to rise by Rs1 per liter.
The final decision on these adjustments will be made on December 31, 2024, following discussions between the finance minister and the prime minister.
Recent Petroleum Price Trends
On December 15, 2024, the government maintained petrol prices at Rs252.10 per liter. Other adjustments included:
- High-Speed Diesel (HSD): Reduced by Rs3.05 per liter to Rs255.38 per liter.
- Kerosene Oil: Reduced by Rs3.32 per liter to Rs161.66 per liter.
- Light Diesel Oil (LDO): Reduced by Rs2.78 per liter to Rs148.95 per liter.
Impact of New Prices
The anticipated increase in diesel prices could have significant implications for transportation and industrial costs, potentially affecting overall inflation. Stable petrol prices, however, may provide some relief for private vehicle owners.
The official announcement regarding the Petrol Price 1 January 2025 will be made on December 31, 2024. Citizens are advised to stay updated as these changes could impact daily budgets and transportation expenses.
For more updates on petroleum prices in Pakistan, keep visiting reliable news platforms.
