In what could be another blow to the inflation-stricken populace, petroleum prices in the country are expected to increase at the start of the new year, with diesel prices likely to see a hike of over Rs4 per litre.
Sources within the Petroleum Division disclosed on Saturday that while petrol prices might remain unchanged, the price of kerosene could rise by Rs1 per litre.
The final decision on the matter will be announced on December 31, following consultations between the finance minister and prime minister.
"The adjustment in petroleum prices will be made public after the prime minister’s approval," sources added.
Current petrol and diesel prices
On December 15, Prime Minister Shehbaz Sharif-led government announced revised petrol and diesel prices for the upcoming fortnight.
According to the details, petrol prices remain unchanged at Rs252.10 per litre. However, high-speed diesel has seen a reduction of Rs3.05 per litre, bringing the new price to Rs. 255.38 per litre.
Additionally, the price of kerosene oil has been reduced by Rs3.32 per litre, now priced at Rs. 161.66 per litre. Light diesel oil also witnessed a decrease of Rs2.78 per litre, with the new price set at Rs148.95 per litre.
