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.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.