Petrol Price Likely To Be Increased In Local Markets

Abdullah Hussain (@Abdulla99267510) Published January 14, 2025 | 04:14 PM

Petrol price is expected to rise by Rs3.50 per liter, diesel by Rs3.70 per liter, light diesel oil by Rs5 per liter and kerosene by more than Rs6 per liter amid hike in global market

ISLAMABAD: (UrduPoint/UrduPoint / Pakistan Point News-Jan 14^th, 2025) The price of petrol and other petroleum products is likely to be increased in the local markets, the sources said on Tuesday.

The Petrol price is expected to rise by Rs3.50 per liter, diesel by Rs3.70 per liter, light diesel oil by Rs 5 per liter and kerosene by more than Rs6 per liter.

The prices could increase due to rising prices in the global market.

According to the reports, the industry submitted its working report on petroleum products to OGRA (Oil and Gas Regulatory Authority).

The Petrol prices are expected to rise by Rs3.50 per liter, diesel by Rs3.70 per liter, light diesel oil by Rs 5 per liter and kerosene by more than Rs6 per liter.

OGRA would determine the prices in line with global market trends on January 15 while Prime Minister Shehbaz Sharif will grant final approval for the prices.

The Ministry of Finance will issue a notification regarding the new petroleum prices, which will be effective from January 16 to January 31.

It may be mentioned here that on January 1, 2025, the government had already greeted the public in the New Year with an increase in petroleum product prices.

According to the Ministry of Finance's notification, prices for petroleum products were raised by Rs2.96 for the next 15 days. This included an increase of Rs0.56 per liter for petrol and Rs2.96 per liter for high-speed diesel.