Increase in petroleum prices in Pakistan
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In the upcoming adjustments to petroleum product prices expected in the second half of November, a dynamic scenario is anticipated. Predictions suggest a potential increase of Rs3.18 per litre in petrol prices, reaching Rs286.56 per litre from the current Rs283.38.
On the other hand, high-speed diesel (HSD) is poised for a substantial reduction, decreasing by Rs8.30 per litre to Rs294.88 from the existing Rs303.18. This mixed trend extends to kerosene oil, projected to undergo a reduction to Rs205.42 per litre from Rs211.03, reflecting a decrease of Rs5.61 per litre.
Similarly, light diesel oil (LDO) is expected to witness a notable cut of Rs8.33 per litre, bringing its price down to Rs181.13 per litre from Rs189.46.
The determinants of these prices include current government taxes and adjustments based on the US dollar exchange rate.
