- The latest petrol prices in Pakistan were announced by the federal government.
- The new prices are effective from midnight on December 16.
- In the previous review, petrol prices were increased by Rs 3.72 per liter.
Latest Petrol Prices in Pakistan – The federal government has announced the latest petroleum prices, keeping the price of petrol unchanged at Rs 252.10 per liter while slightly reducing the price of high-speed diesel (HSD) by Rs 3.05 per liter, bringing it to Rs 255.38 per liter, effective from midnight on December 16.
This adjustment was revealed in an official notification issued by the Finance Division. The price revisions are part of the fortnightly review conducted to align domestic fuel prices with international market trends and currency fluctuations.
Previous Price Trends
In the last review, the government had raised the petrol price by Rs 3.72 per liter, setting the current rate at Rs 252.10. However, the reduction in diesel prices this time provides slight relief for consumers.
Latest Petrol Prices in Pakistan
| Products | Existing price w.e.f 01.12.2024 | New price w.e.f 16.12.2024 | Increase/Decrease |
| MS (Petrol) | Rs252.10 | 252.10 | 0.00 |
| High Speed Diesel (HSD) | Rs258.43 | 255.38 | -Rs3.05 |
| Kerosene oil | Rs164.98 | 161.66 | -Rs3.32 |
| Light diesel oil | Rs151.73 | 148.95 | -Rs2.78 |
Role of OGRA
The Oil and Gas Regulatory Authority (OGRA) calculates the prices of petroleum products based on fluctuations in global oil rates and the rupee’s exchange rate against the US dollar. This ensures that domestic fuel prices reflect global market trends, which are reviewed every 15 days in Pakistan.
Impact of the Changes
While petrol prices remain steady, the marginal reduction in diesel rates is likely to benefit industries, transporters, and the agriculture sector, where diesel is extensively used. Consumers are encouraged to monitor future adjustments as global oil prices and currency rates continue to influence the local market.
Stay tuned to EarlyPakistan for updates on the next price review, which will take place in the coming fortnight.
