Islamabad: The federal government is preparing to announce adjustments to petroleum prices on December 31, potentially increasing the costs of diesel and kerosene oil, while petrol prices are expected to remain stable.
Sources within the Petroleum Division have revealed that diesel prices may rise by over Rs4 per litre, and kerosene oil could see an increase of Rs1 per litre. However, petrol prices are likely to remain unchanged for the time being.
The official announcement is scheduled for New Year’s Eve, following consultations between the Finance Minister and the Prime Minister.
“There is a possibility that petrol prices could also be adjusted, but clarity will come once the official notification is released,” stated a source.
These expected revisions are part of the government’s routine review of fuel prices, influenced by global market dynamics and domestic economic conditions.
Earlier this month, on December 15, the government announced changes to fuel prices for the fortnight. Petrol prices were maintained at Rs252.10 per litre, while high-speed diesel prices were reduced by Rs3.05 to Rs255.38 per litre. Kerosene and light diesel prices were also decreased, with kerosene now at Rs161.66 per litre (down Rs3.32) and light diesel at Rs148.95 per litre (a reduction of Rs2.78).
