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The federal government is expected to revise petrol and diesel prices in Pakistan during the upcoming fortnightly review for December 2024.
The new petroleum prices will be announced on the night of November 30, with the updated rates set to take effect from December 1 to 15, Express News reported.
According to reports, petrol price is expected to go up by PKR 3.15 per liter, diesel by PKR 3.20 per liter, and kerosene oil by PKR 4 per liter.
The fluctuation in global crude oil prices has been cited as the primary factor for the potential hike.
The final decision on petroleum prices will be made on November 30.
The Ministry of Petroleum is preparing recommendations for the Ministry of Finance, and the new rates will be announced following consultation between Finance Minister Muhammad Aurangzeb and Prime Minister Shehbaz Sharif.
Currently, petrol is priced at PKR 248.38 per liter, high-speed diesel at PKR 255.14 per liter, light diesel oil at PKR 147.51 per liter, and kerosene at PKR 161.54 per liter.
The anticipated changes are expected to impact both consumers and industries as global oil price volatility continues to influence domestic markets.
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