The prices of petroleum products in Pakistan are expected to go up from November 1, with petrol likely to see an increase of around Rs. 2.34 per litre, according to media reports.
The expected hike is mainly linked to fluctuations in global oil prices and the impact of recent US sanctions on major Russian oil companies.
Visit Times of Karachi website for the latest news-related content daily
According to initial estimates for the first 12 days of the ongoing pricing cycle, petrol prices could rise by Rs. 1.48 per litre, while high-speed diesel (HSD) may go up by Rs. 1.38 per litre.
READ: Fuel prices likely to rise across Pakistan
Kerosene oil is expected to see a relatively higher increase of Rs. 2.34 per litre, while light diesel oil (LDO) might rise slightly by Rs. 0.49 per litre.
For the latest updates on fuel prices in Pakistan, visit the Petrol Prices page on Times of Karachi.
If current trends continue, the revised prices from November 1 may stand at Rs. 264.50 per litre for petrol, Rs. 276.80 for HSD, Rs. 184.05 for kerosene oil, and Rs. 163.25 for LDO.
The government will make the final announcement on October 31 after reviewing the full fortnight’s data on import costs and exchange rates.
