ISLAMABAD: The petrol and diesel prices are expected to increase from January 16, 2025 (Thursday) due to higher international prices.
The price of petrol has been estimated to increase by Rs 3.53 per liter and the price of diesel by Rs 3.66 per liter for the next fortnight from yesterday, Thursday (January 16, 2025).
The expected increase in POL prices is being attributed to the increase in oil prices in the international market due to United States (US) restrictions on oil exports to China and India.
Crude oil prices surged past $81 a barrel, the highest since August 2024, on fears that US shipping restrictions could affect Russian oil supplies in the wake of US sanctions.
Industry and government sources said an increase in kerosene oil by Rs 4.98 per liter and light diesel oil (LDO) by Rs 6.20 per liter has been worked out, but the final decision rests with decision makers in the finance ministry.
[embedpost slug=”major-hike-likely-in-petrol-prices-from-feb-1″]
