ISLAMABAD: Consumers might see a mixed adjustment in petroleum product prices for the upcoming fortnight starting January 1, 2025, with a Rs2 per litre decrease in petrol prices and a Rs3.62 per litre increase in high-speed diesel (HSD) prices.
Expected Prices:
- Petrol: Likely to settle at Rs250.20 per litre (down by Rs2).
- Diesel (HSD): Likely to increase to Rs259 per litre (up by Rs3.62).
Global Market Dynamics:
- Stable Demand-Supply Conditions: The international oil market has no significant demand-supply disruptions.
- Geopolitical Uncertainty:
- Ongoing tensions in Syria and speculation about the approach of the new US leadership toward global issues are influencing oil price volatility.
- Premium on petroleum products currently stands at $8.69 per barrel.
The adjustment reflects efforts to balance international market trends with domestic fiscal policies. This mixed price change is expected to have varying impacts on consumers and industry stakeholders in the upcoming fortnight.
