Petrol prices in Pakistan are subject to regular revisions by the federal government. A price adjustment is scheduled for the night of December 31, 2024, to determine the rates for the first half of January 2025. This article provides an overview of current prices and expected changes based on available reports.
Current Fuel Prices in Pakistan (December 2024)
As of late December 2024, the prevailing fuel prices in Pakistan are as follows:
| Fuel Type | Price (Rs/Litre) |
|---|---|
| Petrol | 252.10 |
| High-Speed Diesel | 255.38 |
| Light-Speed Diesel | 148.95 |
| Kerosene Oil | 161.46 |
Expected Fuel Price Adjustments for January 2025
Reports suggest a potential decrease in petrol prices and an increase in diesel prices for the first half of January 2025. These adjustments, if implemented as reported, would take effect from January 1, 2025, to January 15, 2025.
Projected Price Changes
- Petrol: Expected to decrease by up to Rs 2 per litre, resulting in a new price of approximately Rs 250.20 per litre.
- High-Speed Diesel: Expected to increase by Rs 3.62 per litre, reaching a new price of approximately Rs 259 per litre.
- Light-Speed Diesel: Expected to increase by Rs 3.03 per litre, reaching a new price of approximately Rs 151.97 per litre.
Expected Fuel Prices from January 1, 2025 (Projected)
| Fuel Type | Current Price (Rs/Litre) | Expected Change (Rs/Litre) | Projected Price (Rs/Litre) |
|---|---|---|---|
| Petrol | 252.10 | -2 | 250.20 |
| High-Speed Diesel | 255.38 | +3.62 | 259 |
| Light-Speed Diesel | 148.95 | +3.03 | 151.97 |
Factors Influencing Fuel Prices in Pakistan
Several factors contribute to fuel price fluctuations in Pakistan, including:
- International Oil Prices: Changes in global crude oil prices directly impact domestic fuel prices.
- Exchange Rates: Fluctuations in the Pakistani Rupee’s value against the US dollar affect import costs.
- Government Taxes and Levies: Taxes and levies imposed by the government play a significant role in determining the final price consumers pay.
- Freight and Distribution Costs: Transportation and distribution costs also contribute to the overall price.
Official Announcement
It’s crucial to note that these are expected changes based on reports. The official announcement of the new fuel prices will be made by the government on December 31, 2024. The announced prices will be effective from January 1, 2025, to January 15, 2025. Consumers are advised to refer to official sources for the most accurate and up-to-date information.