ISLAMABAD – Inflation-hit Pakistanis can look forward to some relief as the federal government plans to revise fuel prices on December 31, 2024, just before the new year. Sources have revealed that petrol prices are expected to be reduced, although diesel prices may see a slight increase.
Current Fuel Prices in Pakistan (December 2024)
| Fuel Type | Price (Rs/Litre) |
|---|---|
| Petrol | 252.10 |
| High-Speed Diesel | 255.38 |
| Light-Speed Diesel | 148.95 |
| Kerosene Oil | 161.46 |
Expected Changes in Fuel Prices for January 2025
Petrol Prices to Decrease
- The government is expected to reduce the price of petrol by Rs2 per litre, bringing it down to Rs250.20 per litre.
Diesel Prices to Rise
- High-speed diesel prices are likely to increase by Rs3.50 to Rs4 per litre, raising the price to approximately Rs259-260 per litre.
Light-Speed Diesel Adjustment
- Light-speed diesel prices are anticipated to rise by Rs3.03 per litre, setting the new price at Rs151.97 per litre.
Comparison of Fuel Prices (December 2024 vs. January 2025)
| Fuel Type | Current Price (Rs/Litre) | Expected Price (Rs/Litre) | Change |
|---|---|---|---|
| Petrol | 252.10 | 250.20 | -2.00 |
| High-Speed Diesel | 255.38 | 259.00–260.00 | +3.50 to +4.00 |
| Light-Speed Diesel | 148.95 | 151.97 | +3.03 |
| Kerosene Oil | 161.46 | No Change Reported | No Change Reported |
Implementation Timeline
The government will announce the revised fuel prices on December 31, 2024. These prices will take effect on January 1, 2025, and remain valid until January 15, 2025.
Conclusion
The reduction in petrol prices will bring a sigh of relief for many Pakistanis as the country grapples with rising inflation. However, the simultaneous increase in diesel prices will have an impact on transportation and goods delivery costs.
Stay tuned for the official announcement to confirm the exact fuel prices for the new year.
