KARACHI – Petrol and diesel rates are expected to increase by up to Rs12-13 per litre from October 16, 2024 amid an increase in the margin of oil marketing companies and dealers, and changes in international market.
In the upcoming fortnight review, the federal government expected to jackup petrol and diesel prices. The anticipated surge comes as a response to rising crude oil prices in the international market.
Last month, import premiums on both MS and Diesel remained unchanged while the local currency also remained stable during this fortnight.
Current Petrol Price in Pakistan
| POLs | Rates |
|---|---|
| Petrol (MS) | Rs247.03 |
| High-Speed Diesel (HSD) | Rs246.29 |
Expected Petrol Price October 2024
| POLs | Expected Rates |
|---|---|
| Petrol (MS) | Rs250-252 |
| High-Speed Diesel (HSD) | Rs258-260 |
Sources familiar with development claimed petrol could touch Rs250-252 per litre, while diesel prices could see jump to Rs260, in what is said to be first increase in last 2.5-month period.
Globally, crude moved up in recent weeks but it fell slightly ahead of weekend amid Israeli Iranian tension in Middle East. Brent crude plunged to $78.74 per barrel.
Petrol, Diesel Prices in Pakistan to increase by up to Rs13 per litre; Check Expected Rates
