ISLAMABAD: The federal government of Pakistan has increased the price of petrol by Re0.56 per litre, effective from the first fortnight of 2025. The announcement, made on New Year’s Eve, reflects adjustments based on fluctuations in the international oil market, as stated in a notification issued by the Finance Division.
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Predictions for Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 31, 2024 – Market forecasts suggest that Pakistan is set to adjust petroleum prices upward, with the new rates taking effect from January 1, 2025. This revision scheduled for December 31, 2024, will impact multiple petroleum products, reflecting global trends and domestic cost adjustments.
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Expected Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 30, 2024 – Pakistan is expected to revise the prices of petroleum products for the upcoming fortnight starting from January 1, 2025. The government’s decision on fuel price adjustments is anticipated on December 31, 2024, with significant implications for consumers and industries alike.
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Petroleum Prices in Pakistan – Today, December 29, 2024
On Sunday, December 29, 2024, the petroleum prices in Pakistan stand as follows: high-speed diesel at Rs255.38 per litre, petrol at Rs252.10 per litre, kerosene oil at Rs161.66 per litre, and light-speed diesel at Rs148.95 per litre.
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Petroleum Prices in Pakistan Witness Notable Decline in 2024
Islamabad, December 27, 2024 – Petroleum prices in Pakistan have shown a significant decline throughout 2024, providing relief to consumers and contributing to a reduction in the inflation rate of essential items.
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Pakistan Revises Petroleum Prices for Final Fortnight of 2024
Islamabad, December 16, 2024 – Pakistan has announced a revision in petroleum prices for the final fortnight of the year 2024. According to a statement issued by the Finance Division, the price of petroleum-based petrol will remain unchanged at Rs252.10 per litre for the next two weeks. However, the government has reduced the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO), providing some relief to consumers.
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Latest Petrol and Diesel Prices in Pakistan as of December 9, 2024
As of December 9, 2024, the latest petrol and diesel prices in Pakistan remain unchanged from the adjustments made on December 1, 2024, and will stay in effect until December 15, 2024.
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Latest Petroleum Price Hike Driven by Taxes and OMC Margins
The recent increase in petroleum product prices in Pakistan has been attributed to multiple factors, including taxes and Oil Marketing Companies’ (OMCs) margins, which collectively account for 68% of the ex-depot prices. Effective December 1, 2024, petrol prices rose by Rs 3.72 per litre to Rs 252.10, while High-Speed Diesel (HSD) saw a hike of Rs 3.29, now costing Rs 258.43 per litre.
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Pakistan Hikes Petrol and Diesel Prices for Early December 2024
Islamabad, November 30, 2024: The government of Pakistan has announced an increase in the prices of key petroleum products for the first half of December 2024. The adjustment, based on recommendations from the Oil and Gas Regulatory Authority (OGRA), reflects global market trends and rising oil prices.
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Expected Petroleum Prices in Pakistan for December 2024
Pakistan is anticipated to raise petroleum product prices starting December 1, 2024, as global oil prices continue to climb. The price adjustment will follow the routine fortnightly review of petroleum prices, with the updated rates scheduled for announcement on November 30, 2024. These revised prices will be effective from December 1 to December 15, 2024.
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