ISLAMABAD: Petrol price is likely to increase by Rs 3 per liter and diesel price by Rs 2.87 per liter from December 1, 2024 to next fortnight due to slight increase in international prices in the last 12 days.
However, authorities are expecting POL prices to drop in global markets from Thursday or Friday due to the Israel-Hezbollah ceasefire, so POL prices are unchanged.
Brent crude rose 2 cents to settle at $72.83 a barrel, while US West Texas Intermediate crude fell 5 cents to $68.72 a barrel.
As per the working of 12 days of the current fortnight, the price of petrol has been hiked by Rs 3 per liter and it may be fixed at the new price of Rs 251.38 per liter from the current price of Rs 248.38. per litre
Similarly, the price of diesel has also been estimated to increase by Rs 2.87 per liter from Rs 255.14 to Rs 258.01 per litre.
Despite this, the price of kerosene is likely to decrease by Rs 0.11 per liter to Rs 165.49 per liter from the current Rs 165.60 per litre.
The price of LDO (Light Diesel Oil) is likely to decrease by Rs 0.04 per liter to Rs 152.17 per liter from Rs 152.21 per litre.