As the already-burdened masses in Pakistan anticipated a sigh of relief with a potential drop in petrol prices, recent reports have thrown a curveball, predicting an unexpected surge in the cost of petrol and a mixed bag for other petroleum products. Brace yourselves for a dynamic scenario for the next fortnight of November.

Forecasts are painting a picture of rising petrol prices, with an estimated increase of Rs3.18 per litre. If these predictions hold true, the price of petrol is poised to climb from the current Rs283.38 to a staggering Rs286.56 per litre.

On the flip side, high-speed diesel (HSD) seems to be on the receiving end of a substantial cut, with an anticipated decrease of Rs8.30 per litre, bringing the price down to Rs294.88 from the existing Rs303.18.

This mixed trend extends to kerosene oil, projected to experience a welcome reduction to Rs205.42 per litre from Rs211.03, reflecting a decrease of Rs5.61 per litre. Similarly, light diesel oil (LDO) is expected to witness a notable cut of Rs8.33 per litre, potentially lowering its price to Rs181.13 per litre from Rs189.46.

The driving forces behind these price fluctuations are the current government taxes and adjustments based on the ever-volatile US dollar exchange rate. Interestingly, insider sources suggest the government may opt to maintain the current petrol price due to outstanding forex adjustments.

However, a silver lining may be in store for consumers of high-speed diesel, as an anticipated substantial drop of Rs10 per litre is on the horizon.

Current Petrol Price

Earlier on  , the incumbent government announced a substantial reduction in petrol price. Petrol now costs Rs. 283.38/liter after a Rs. 40/liter decrease. Whilst High-speed diesel (HSD) new price is Rs. 303.18/liter.

As consumers eagerly await the final word on these speculations, one thing is clear—the rollercoaster of fuel prices in Pakistan continues to be a ride of uncertainty, leaving the already-vulnerable masses holding their breath for what the pumps will display next.