ISLAMABAD — The federal government is expected to increase petroleum product prices by up to Rs5.90 per litre for the upcoming fortnight, effective November 16.
Sources indicate that the ex-depot price of petrol may rise by Rs2.58 per litre, from Rs248.38 to Rs250.96. High-speed diesel (HSD) could see a more substantial increase of Rs5.91 per litre, moving from Rs255.14 to Rs261.05. Kerosene oil is projected to increase by Rs5.54 per litre to Rs167.08, while light diesel oil (LDO) may go up by Rs5.90 to Rs153.41 per litre.
These adjustments are based on current petroleum levies, general sales tax, and the inland freight equalization margin (IFEM), with premiums on imported petrol reaching $9.80 per barrel. Recent market data shows an uptick in crude prices, with petrol averaging $77.2 per barrel and HSD rising to $88 per barrel.
