ISLAMABAD: Prices of petroleum products are likely to rise by up to Rs2.34 per litre from November 1 for the next fortnight, mainly due to fluctuations in the international oil market and the impact of recent US sanctions on Russia’s leading oil producers.
According to preliminary calculations for the first 12 days of the ongoing pricing cycle, petrol is expected to increase by Rs1.48 per litre, and high-speed diesel (HSD) by Rs1.38 per litre. Kerosene oil may record a sharper rise of Rs2.34 per litre, while light diesel oil (LDO) could edge up by Re0.49 per litre.
If the current trends persist, the new consumer prices from November 1 may stand at Rs264.50 per litre for petrol, Rs276.80 for diesel, Rs184.05 for kerosene, and Rs163.25 for LDO. Final adjustments will be made on October 31 evening after reviewing the complete fortnight’s import and exchange rate data.