The federal government is set to announce revisions in petroleum prices on December 31, with potential hikes in diesel and kerosene oil prices. Petrol rates are expected to remain steady, according to sources within the Petroleum Division.
Diesel prices may increase by more than Rs4 per litre, while kerosene oil could see a rise of Rs1 per litre. However, petrol prices are likely to remain unchanged, at least for now.
An official announcement will be made on New Year’s Eve following consultations between the Finance Minister and the Prime Minister.
“There is a possibility that petrol prices could also be adjusted, but clarity will come once the official notification is released,” a source revealed.
The adjustments align with the government’s regular review of fuel prices, which takes into account global market trends and domestic economic conditions.