Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Diesel, Petrol prices in Pakistan likely to increase from Dec 1 – SUCH TV

Posted on November 29, 2024 By Admin No Comments on Diesel, Petrol prices in Pakistan likely to increase from Dec 1 – SUCH TV



Petrol prices are expected to rise by Rs3 per litre and diesel by Rs2.87 per litre starting December 1 for the next fortnight, due to a modest increase in international prices over the past 12 days on Thursday.

However, officials are expecting a decline in POL prices in the global markets from Thursday or Friday on account of the Israel-Hezbollah ceasefire; hence, no change in the POL prices.

Brent crude settled 2 cents higher at $72.83 a barrel while US West Texas Intermediate crude slipped 5 cents to $68.72.

As per the working based on 12 days of the current fortnight, the surge in the price of petrol by Rs3 per litre has been worked out and it may settle at a new price of Rs251.38 per litre from the existing price of Rs248.38 per litre.

Likewise, the diesel price has also been estimated to increase by Rs2.87 per litre, from Rs255.14 to Rs258.01 per litre.

Nevertheless, the kerosene oil price is projected to decline by Re0.11 per litre to Rs165.49 from the existing Rs165.60 per litre.

The price of LDO (light diesel oil) is likely to tumble by Re0.04 per litre to Rs152.17 from Rs152.21 per litre.

In the previous fortnightly review, the federal government maintained the prices of petrol and high-speed diesel (HSD) based on the price trends in the international market.

Petrol is mainly used in private transportation, small vehicles, rickshaws, and two-wheelers. Higher fuel prices significantly impact the budgets of the members of the middle and lower-middle classes, who primarily consume petrol for commuting. On the other hand, a significant portion of the transport sector relies on high-speed diesel.

Its price is considered inflationary since it is predominantly used in heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers.

The consumption of high-speed diesel particularly contributes to the increased prices of vegetables and other food items.



Source link

Business Tags:diesel, petrol prices, petroleum products

Post navigation

Previous Post: Serena Williams spills which of her daughters ‘reminds me of me’
Next Post: Medical devices could become safer with this new breakthrough, experts say

More Related Articles

Could South America benefit from Trump’s trade tariffs? Business
PSX rallies to fresh high on power price cuts – SUCH TV Business
PM Modi hails 10 years of Jan Dhan Yojana; shares how it has been ‘game-changing’ – Times of India Business
Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals… Business
Electric cars lose market share as private sales fall Business
Janet Yellen: Credit downgrade ‘puzzling’ and ‘unwarranted’ Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Jeff Bezos and Lauren Sánchez’s wedding invite slammed over ‘ugly’ design
  • Paige Spiranac adds new chapter in ‘case study’ about her golf game
  • From NPS To UPS: Last Date To Opt For Unified Pension Scheme Extended By 3 Months Till September 30
  • Salman Khan reveals struggle with AVM and brain aneurysm on Kapil Sharma Show: Know what AVM is, its causes, and why it’s so serious | – Times of India
  • Patrick Schwarzenegger on his breakout

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme