Prices of petroleum products in Pakistan are expected to increase by up to Rs. 2.34 per litre starting November 1, driven by volatility in the international oil market and the impact of recent US sanctions on Russia’s top oil producers.
Preliminary estimates for the first 12 days of the current pricing cycle suggest petrol prices may rise by Rs. 1.48 per litre, while high-speed diesel (HSD) could go up by Rs. 1.38 per litre.
Kerosene oil is likely to see a sharper increase of Rs. 2.34 per litre, and light diesel oil (LDO) may edge higher by Rs. 0.49 per litre.
If these trends continue, the new consumer prices from November 1 are projected to be Rs. 264.50 per litre for petrol, Rs. 276.80 for diesel, Rs. 184.05 for kerosene, and Rs. 163.25 for LDO.
Final price adjustments will be announced on the evening of October 31, after a review of the complete fortnight’s import and exchange rate data.
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Yeah getting oil from 🇺🇸 would do that
The biggest oil shipment from U.S has reached Pakistan’s port. Sanctions on Russian oil is going to affect whom?
If a large shipment of crude oil has arrived from our MASTERS far, far away, the price of oil should have gone down, not up. What’s wrong with us?