According to a Finance Division notification released on Saturday, the federal government has announced an increase in petrol prices by Rs3.72 per litre starting December 1. This adjustment raises the price from Rs248.38 to Rs252.10 per litre.
Additionally, the price of high-speed diesel (HSD) will rise by Rs3.29, moving from Rs255.14 per litre to Rs258.43. The Oil & Gas Regulatory Authority (Ogra) determined these changes based on fluctuations in international market prices.
Here’s the table showing the existing and new prices of petroleum products along with the changes:
| Product | Existing Price (Rs) | New Price (Rs) | Increase/Decrease (Rs) |
|---|---|---|---|
| High Speed Diesel | 255.14 | 258.43 | +3.29 |
| MS (Petrol) | 248.38 | 252.10 | +3.72 |
| Kerosene (SKO) | 165.60 | 164.98 | -0.62 |
| Light Diesel Oil | 152.21 | 151.73 | -0.48 |
This table provides a clear overview of the adjustments in fuel prices effective from December 1st.
During the last fortnightly review, the government maintained petrol and diesel prices, reflecting trends in the international market.
Petrol, predominantly used in private transportation, including small vehicles, rickshaws, and two-wheelers, significantly affects the budgets of middle—and lower-middle-class households that rely on it for daily commuting.
Conversely, high-speed diesel, essential for heavy transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers, influences inflation rates due to its impact on the transport sector. This, in turn, affects the cost of vegetables and other food items, contributing to overall price increases in these commodities.
