- The price of high-speed diesel has increased by Rs 3.85 per litre.
- Kerosene and LDO fell by Rs 1.48 and Rs 2.61 respectively.
- HSD is considered inflationary because it is used for heavy goods.
ISLAMABAD: Contrary to market expectations, the federal government has increased the price of petrol by Rs 1.35 per liter over the next two weeks, ending on November 15.
The new fuel prices came into effect from November 1 (Friday).
According to a notification issued by the Finance Division, the new price of petrol will be Rs 248.38 per litre, up from Rs 247.03.
“The Oil and Gas Regulatory Authority (OGRA) has set consumption prices for petroleum products, based on price variation in the international market,” a statement from the finance department said late Thursday.
Likewise, the price of high-speed diesel (HSD) increased from Rs 251.29 to Rs 255.14 per litre – an increase of Rs 3.85 per litre.
At the same time, prices of other petroleum products fell.
The new price of kerosene oil will be Rs 161.54, down by Rs 1.48 from Rs 163.02 per litre.
Likewise, the price of light diesel oil fell by Rs 2.61 from Rs 150.12 to Rs 147.51 per litre.
| products | Existing price | New price | Increase/decrease |
| gasoline | 247.03 | 248.38 | +1.35 |
| High speed diesel | 251.29 | 255.14 | +3.85 |
| Kerosene | 163.02 | 161.54 | -1.48 |
| Light diesel oil | 150.12 | 147.51 | -2.61 |
Petrol is mainly used in private transport, small vehicles, auto rickshaws and two-wheelers. High fuel prices greatly affect the budgets of middle- and lower-class people, who consume gasoline primarily for transportation. On the other hand, a large part of the transportation sector depends on high-speed diesel.
Its price is considered inflationary because it is mostly used in heavy goods transport vehicles, trucks, buses, trains and agricultural machinery such as tractors, tube wells and threshers.
High-speed diesel fuel consumption in particular contributes to rising prices of vegetables and other food items.