ISLAMABAD: Fuel prices are likely to undergo mixed adjustments for the upcoming fortnight starting November 16, with petrol expected to become slightly cheaper while diesel and other petroleum products may see notable increases, sources said on Friday.
Based on global market trends, the price of *petrol may decrease by Rs1.96 per litre, while *high-speed diesel (HSD) is projected to rise by Rs9.60 per litre.
Meanwhile, kerosene could see an increase of *Rs8.82 per litre, and *light diesel oil (LDO) may go up by Rs7.15 per litre.
The Oil and Gas Regulatory Authority (Ogra) will submit its pricing calculations to the Petroleum Division on November 15. The Petroleum Division and the Ministry of Finance will jointly prepare a summary for the Prime Minister’s approval.
Once approved, the Ministry of Finance will announce the revised fuel prices, which will remain in effect for the next 15 days.
