Monday, March 4, 2024

Petrol Price Likely to Remain Unchanged in Next Review

In the next bi-weekly review of petroleum product prices in Pakistan, it is anticipated that overall prices will remain relatively stable. However, there are expectations of slight decreases in the prices of diesel and kerosene. This projection is influenced by a notable development in the global crude oil market, where prices have eased.

Specifically, the ex-depot price of petrol is expected to experience a marginal increase, reaching Rs281.53 per liter compared to the current price of Rs281.34. On the other hand, the ex-depot price of high-speed diesel (HSD) is predicted to decrease by Rs6.24 per liter, bringing it down to Rs290.47.

For kerosene, the forecast suggests a reduction in the ex-depot price by Rs2.82 per liter, resulting in a new price of Rs202.16. Similarly, the price of light-speed diesel is expected to drop by Rs4.27 per liter, reaching Rs176.18.

These adjustments in prices are attributed to the fluctuations in global crude oil prices. The bi-weekly review takes into account the dynamic nature of the international oil market and aims to reflect these changes in the pricing of petroleum products in Pakistan.

As consumers and businesses await the new prices, the upcoming review will provide a clearer picture of the economic landscape for these essential commodities.

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