ISLAMABAD – Petrol prices are expected to decrease by about 2 rupees per liter, while high-speed diesel (HSD) may rise by 9.5 rupees per liter over the next 15 days, according to market sources. The change comes amid minor fluctuations in international oil markets.
Since June 1, net prices of petrol and diesel have risen by approximately 12.5 rupees and 23 rupees per liter, respectively. Light diesel oil (LDO) and furnace oil could also see increases of 7.15 rupees and 8.8 rupees per liter. Currently, furnace oil is priced at 185 rupees and LDO at 164 rupees per liter.
Read more: Fuel prices may rise up to Rs9.60 per litre
Petrol’s ex-depot price is expected to fall from 265.45 to 263.50 rupees per liter. This fuel is widely used in private transport, small vehicles, rickshaws, and motorcycles, directly affecting middle- and lower-middle-class budgets.
HSD prices, now 278.44 rupees per liter, may rise above 288 rupees. Diesel powers trucks, buses, tractors, tube wells, and other agricultural machinery, so its increase could push up food and transport costs across the country. Transporters have already raised fares due to earlier fuel price hikes.
Read more: Petrol hiked by Rs2.43, Diesel by Rs3.02 from November 1
Petrol and diesel are major revenue sources for the government, with average monthly sales reaching 700,000–800,000 tons. Consumers are advised to monitor updates from the Oil & Gas Regulatory Authority for final pricing.