In the upcoming adjustments to petroleum prices expected in the second half of November, there’s a dynamic scenario on the horizon. According to predictions, petrol prices in Pakistan might see an increase of Rs3.18 per litre, reaching Rs286.56 from the current Rs283.38.
On the flip side, high-speed diesel (HSD) is expected to experience a significant reduction, dropping by Rs8.30 per litre to Rs294.88 from the existing Rs303.18.
Kerosene oil is also likely to undergo a reduction to Rs205.42 per litre from Rs211.03, reflecting a decrease of Rs5.61 per litre. Similarly, light diesel oil (LDO) is anticipated to see a notable cut of Rs8.33 per litre, bringing its price down to Rs181.13 per litre from Rs189.46.
These predictions are influenced by various factors, including current government taxes and adjustments based on the US dollar exchange rate. Sources suggest the government may maintain the petrol price due to outstanding forex adjustments, while there’s anticipation of a substantial drop of Rs10 per litre in the HSD rate.
As of November 1, the government has implemented a petroleum levy of Rs60 per litre on both petrol and diesel.
Stay tuned for updates as the market dynamics unfold, and consumers are advised to keep an eye on these potential changes that could impact fuel prices in the coming weeks.
