ISLAMABAD High-speed diesel (HSD), kerosene, and light diesel oil (LDO) prices are predicted to rise by roughly Rs4 to Rs5 per litre on New Year’s Eve, for the first two weeks of 2025, due to the influence of oil prices on the global market.
Nevertheless, according to reliable sources, the ex-depot price of gasoline was predicted to be range-bound, fluctuating by Re1 per liter based on the final computation on December 31.
While the price of gasoline stayed the same, the ex-depot price of HSD was lowered by Rs3.05 (1.18%) to Rs255.38 per litre in the middle of December.
According to sources, the ex-refinery cost of kerosene oil was also slightly more than typical, and the average prices of HSD and LDO have grown slightly on the global market over the past two weeks. The average exchange rate stayed steady, while the premium for gasoline and diesel stayed the same.
The most recent assessment, as of December 28, indicated an increase of about Rs4 per litre in HSD and Rs5 per liter in kerosene and LDO as a result of these factors.
According to an Oil and Gas Regulatory Authority (Ogra) official, the petrol price differential was negligible and could be changed within the inland freight equalisation margin, which is a system designed to provide consistent prices throughout the nation.
The current price of HSD is Rs255.38 per litre, while the ex-depot price is Rs252.10 per liter.
Petrol directly affects middle- and lower-middle-class budgets and is primarily utilized in private transportation, small cars, rickshaws, and two-wheelers.
HSD powers the majority of the transportation industry. Because it is mostly utilized in heavy-duty vehicles, railroads, and agricultural engines such as trucks, buses, tractors, tube-wells, and threshers, its price is seen as inflationary. It also has a significant effect on the cost of vegetables and other consumables.
Currently, the government taxes gasoline and HSD at a rate of roughly Rs76 per litre.
