The Pakistani rupee remained stable at 277-278 during the review period. As a result, HSD prices will reach Rs. 258-259 per liter. Meanwhile, petrol prices will rise to Rs. 251-252 per liter. In the previous cycle, the government kept both petrol and HSD prices unchanged.
However, kerosene and light diesel oil prices will stay the same. The government aims to minimize the impact on these fuels.
The Oil and Gas Regulatory Authority (OGRA) will submit final price recommendations on November 30. Afterward, the Finance Ministry will consult the Prime Minister before finalizing the rates. The government will issue an official notification after the Prime Minister’s approval.
These price adjustments come at a time when Pakistan faces significant economic challenges. As global oil prices continue to fluctuate, the government must balance market trends with the needs of consumers. This rise in fuel prices underscores the importance of regulating energy costs to maintain economic stability.
