- The price of petrol will remain unchanged at Rs252.10 per litre.
- After cutting, kerosene will be available at Rs161.66 per liter.
- Light diesel rates have been reduced to Rs 148.95 per liter.
ISLAMABAD: The federal government on Sunday notified that petrol prices will remain unchanged for the next fortnight starting December 16.
The price of petrol will remain unchanged at Rs252.10 per liter for the next fortnight, according to a statement issued by the finance division.
However, the government announced a reduction in the price of high-speed diesel by Rs 3.05 to Rs 255.38 per litre.
Similarly, prices of kerosene and light diesel were reduced by Rs 3.32 and Rs 2.78 to Rs 161.66 per liter and Rs 148.95 per liter, respectively.
“The Oil and Gas Regulatory Authority (OGRA) has established the consumer price of petroleum products taking into account the fluctuations in the international market during the last fortnight,” reads the notification issued by the Division of Finance.
| Products | Existing price | New price | Increase/Decrease |
| High Speed Diesel (HSD) | 258.43 | 255.38 | -3.05 |
| Essence | 252.10 | 252.10 | 0.00 |
| Kerosene | 164.98 | 161.66 | -3.32 |
| Light diesel | 151.73 | 148.95 | -2.78 |
Adjustments are based on the first 15 days of the current month, reflecting volatility in international markets due to the recent regime change in Syria.
Currently, crude oil and POL products are available in abundance in the international market, but the demand is less.
In the previous fortnightly review, the federal government increased the price of petrol by Rs 3.72 per litre. The price of petrol has been increased from Rs248.38 to Rs252.10 per litre. The price of HSD was also increased from Rs255.14 per liter to Rs258.43, an increase of Rs3.29.
Gasoline is mainly used in private transport, small vehicles, rickshaws and two-wheelers. Rising fuel prices have a significant impact on the budgets of members of the middle and lower classes, who mainly consume gasoline for their commute.
On the other hand, a significant portion of the transportation sector relies on high-speed diesel. Its price is considered inflationary as it is mainly used in heavy goods vehicles, trucks, buses, trains and agricultural machinery such as tractors, tube wells and threshers.
High-speed diesel consumption is particularly contributing to the rise in prices of vegetables and other food items.