The federal government is expected to announce changes to petroleum prices on December 31, with potential increases in the prices of diesel and kerosene oil, while petrol prices are likely to remain unchanged.
Sources within the Petroleum Division suggest that diesel prices may rise by more than Rs4 per litre, and kerosene could see an increase of Rs1 per litre. Petrol prices, however, are anticipated to stay steady for now.
The official announcement will be made on New Year’s Eve, following consultations between the Finance Minister and the Prime Minister before any final decisions are made.
“There is a possibility that petrol prices could also be adjusted, but the official notification will provide clarity,” a source said.
These expected changes are part of the government’s routine review of fuel prices, which are impacted by global market conditions and domestic economic factors. Earlier, on December 15, the government announced price adjustments for the upcoming fortnight, keeping petrol prices at Rs252.10 per litre and reducing high-speed diesel prices by Rs3.05, bringing the cost to Rs255.38 per litre.
Additionally, kerosene and light diesel prices were lowered, with kerosene now priced at Rs161.66 per litre (a decrease of Rs3.32) and light diesel at Rs148.95 per litre (a reduction of Rs2.78).
