The central government has announced an increase in petroleum prices by Rs3.72 per liter, effective from December 1, 2024. According to a notification issued by the Finance Division on Saturday, the petrol price has been raised from Rs248.38 to Rs252.10 per liter.
High-speed diesel (HSD) has also experienced a hike, with its price increasing from Rs255.14 to Rs258.43 per liter, reflecting a rise of Rs3.29. The Oil and Gas Regulatory Authority (OGRA) adjusted these prices in response to global market trends.
Updated Petroleum Prices (Effective December 1, 2024)
| Product | Previous Price (16/11/2024) | New Price (01/12/2024) | Change |
|---|---|---|---|
| High-Speed Diesel (HSD) | Rs255.14 | Rs258.43 | +Rs3.29 |
| Petrol (MS) | Rs248.38 | Rs252.10 | +Rs3.72 |
| Kerosene (SKO) | Rs165.60 | Rs164.98 | -Rs0.62 |
| Light Diesel Oil (LDO) | Rs152.21 | Rs151.73 | -Rs0.48 |
Petrol remains a primary fuel for private transportation, including cars, motorcycles, rickshaws, and small vehicles. The price hike is expected to strain the budgets of middle and lower-income households, who rely heavily on petrol for daily commuting. High-speed diesel, critical for heavy-duty vehicles like trucks, buses, and agricultural machinery, directly impacts transportation costs and the prices of essential commodities, including food and vegetables.
The rising diesel and petrol prices often lead to inflation, further burdening consumers across Pakistan.
