Petrol Prices Expected to Rise by Rs. 3/Liter

Jawad

15 Nov 2023

335

Petrol Prices Expected to Rise by Rs. 3/Liter

As hopes for a relief in petrol prices among the already-burdened masses in Pakistan were on the rise, recent reports have introduced an unexpected twist. Instead of a potential drop, forecasts now indicate an impending surge in petrol costs, adding a layer of complexity to the petroleum product landscape. Brace yourselves for a dynamic scenario unfolding over the next fortnight of November.

Projections paint a picture of escalating petrol prices, with an estimated uptick of Rs3.18 per liter. If these predictions materialize, the price of petrol could soar from the current Rs283.38 to a substantial Rs286.56 per liter.

On the flip side of this economic coin, high-speed diesel (HSD) appears to be in line for a significant reduction, with an expected decrease of Rs8.30 per liter. This move would bring the price down to Rs294.88 from the existing Rs303.18.

The mixed trend extends to kerosene oil, anticipated to undergo a welcome reduction to Rs205.42 per liter from Rs211.03, marking a decrease of Rs5.61 per liter. Similarly, light diesel oil (LDO) is expected to witness a notable cut of Rs8.33 per liter, potentially lowering its price to Rs181.13 per liter from Rs189.46.

Behind these undulating price movements are the current government taxes and adjustments influenced by the ever-volatile US dollar exchange rate. Intriguingly, insider sources hint at the possibility of the government maintaining the current petrol price due to outstanding forex adjustments.

However, a silver lining may be on the horizon for consumers of high-speed diesel, as a substantial drop of Rs10 per liter is anticipated.

Reflecting on the recent history, the incumbent government had, on October 16, announced a substantial reduction in petrol prices, bringing it down by Rs. 40/liter to the current Rs. 283.38/liter. Meanwhile, the new price for High-speed diesel (HSD) stands at Rs. 303.18/liter.

As consumers eagerly await confirmation or denial of these speculations, one thing remains certain—the rollercoaster of fuel prices in Pakistan continues to be a ride of uncertainty, keeping the already-vulnerable masses on edge as they await the next display on the pumps.

Petrol Price Diesel Prices Petrol Price in Pakistan Diesel Price in Pakistan Petrol Price Fluctuations Petrol Price Surge Prediction Economic News Fuel Price Forecast

« PREV POST
2025 Toyota Camry Officially Launch in USA

NEXT POST »
Islamabad's Mega Projects Now Open to Heavy Traffic

Related Auto News Updates