ISLAMABAD: Starting December 16, high-speed diesel (HSD) prices are expected to decrease by Rs3.90 per litre, providing relief to the transport and agriculture sectors. This adjustment aligns with global oil market fluctuations and is anticipated to ease inflationary pressures on consumers.
Conversely, petrol prices may increase slightly by 81 paisa per litre, reaching Rs252.91, when the government announces its fortnightly price revision on December 15.
The inland freight equalisation margin (IFEM) for petrol and HSD is projected at Rs7.92 and Rs4.15 per litre, respectively. Following the revision, the HSD price is expected to drop from Rs258.43 to Rs254.53 per litre.
Kerosene oil, widely used for cooking and heating in remote areas, is likely to see a Rs3.97 reduction, bringing its price to Rs161.01 per litre. Similarly, light diesel oil (LDO), primarily consumed by industries, may see a Rs3.55 decline to Rs148.18 per litre.
In the global market, the premium for petrol has eased to $8.84 per barrel compared to $9.80 in the previous review ending November 30.
The potential reduction in fuel prices is expected to boost consumption, aiding the government in achieving its petroleum levy targets. In November, levy receipts climbed to Rs110 billion, marking a 19% year-on-year increase.
