Govt expected to hold oil prices

The government is likely to keep domestic oil prices unchanged from May 1, 2025, amid minor fluctuations in international markets.

According to projections, Premium Motor Gasoline (PMG) may see a negligible drop of Rs0.16/litre — a 0.1% decrease — at both ex-refinery and ex-depot levels.

High-Speed Diesel (HSD), widely used in transport and agriculture, is expected to remain virtually unchanged with a Rs0.01/litre increase.

As diesel impacts inflation, the stable pricing offers some relief.

However, Kerosene may increase by Rs1.30/litre (0.9%), and LDO by Rs1.35/litre (1.0%). Prices are calculated based on current taxes, the Inland Freight Equalisation Margin (IFEM), and zero US dollar exchange adjustment.

PMG's premium currently stands at $5.464 per barrel, with two days of Platts data yet to be factored in.