Fuel prices in Pakistan are expected to experience notable adjustments this weekend, with varying impacts across different petroleum products. According to petroleum industry sources, high-speed diesel, kerosene, and light diesel oil are likely to become more expensive, while petrol may see a minor decrease.
The upcoming revision will be implemented on November 16, in accordance with the government’s fortnightly review of petroleum prices.
Market insiders indicate that the price of high-speed diesel could rise by Rs9.60 per litre, bringing it to around Rs288.40 per litre. This increase is attributed to global market trends and currency fluctuations.
Kerosene oil, a fuel commonly used in rural areas and low-income households, is expected to become costlier by Rs8.82 per litre. Similarly, light diesel oil may see an increase of Rs7.15 per litre, reflecting the impact of recent changes in international supply and demand dynamics.
In contrast, petrol may become slightly cheaper. Industry estimates suggest a reduction of Rs1.96 per litre, which could bring its new price to Rs263.49 per litre starting November 16.
Although this represents some relief for motorists, analysts note that the overall petroleum basket will still see an upward shift due to the heavier impact of diesel and other fuel categories on transport and logistics costs.
The Oil and Gas Regulatory Authority (OGRA) will send its pricing summary to the federal government on Saturday, detailing recommended revisions based on global oil movements and the rupee’s performance against the dollar. The Finance Ministry will issue an official notification after the prime minister’s approval, and the new rates will take effect immediately thereafter.
Earlier, on November 1, the government had slightly increased petrol and diesel prices while reducing kerosene and light diesel rates, setting petrol at Rs248.38 and diesel at Rs255.14 per litre.
