In December 2024, Pakistan’s federal government is set to revise the prices of petrol and diesel. The price adjustments are expected to take effect from December 1 to 15, with an anticipated increase in the price of petrol ranging from Rs10 to Rs15 per litre during the first half of the month.
The final decision regarding the price changes will be made after careful consideration of various factors, including the current stock, revenue generation requirements, and global oil prices. These elements will help determine the appropriate adjustments to be made.
As of November 2024, the price of petrol in Pakistan is Rs248.38 per litre, while high-speed diesel is priced at Rs255.14 per litre. The upcoming changes in prices will reflect the dynamic nature of global and local economic conditions.
