Petroleum products prices expected to 'rise by Rs5.50 per litre'
1. Petrol price may rise by Rs2.58 per litre, claim oil companies' insiders
KARACHI: The prices of petroleum products are expected to rise by up to Rs5.50, sources within oil marketing companies (OMCs) revealed on Wednesday.
The federal government is set to announce the new rates on November 15, with the updated prices going into effect the following day. According to information shared with *Geo News*, petrol prices could increase by Rs2.58 per litre, high-speed diesel (HSD) by Rs5.50 per litre, and kerosene oil by Rs2.58 per litre.
| Product | Old Price | Expected New Price | Expected Change |
|-----------------|-----------|--------------------|-----------------|
| Petrol | Rs248.38 | Rs250.96 | +Rs2.58 |
| Diesel | Rs255.14 | Rs260.64 | +Rs5.50 |
| Kerosene Oil | Rs161.54 | Rs164.12 | +Rs2.58 |
Petrol, widely used in private transport, small vehicles, rickshaws, and motorcycles, plays a crucial role in daily commutes. Any price increase significantly impacts middle- and lower-middle-class households. Meanwhile, high-speed diesel, which powers heavy vehicles, agricultural machinery, and other essential transport, affects the cost of essential goods like food items due to its role in logistics.
In the previous price review, the government had raised petrol prices by Rs1.35 per litre and diesel by Rs3.85 per litre, surpassing market expectations.
