Business Desk 
Dec 01, 2024
An undated image of a petrol pump. — Adobe Stock
The federal government on Saturday increased the price of petrol by Rs3.72 per litre to Rs252.10 per litre.
Similarly, the price of high-speed diesel (HSD) has also been jacked up by Rs3.29 per litre to Rs258.43, according to the official notification released by the Finance Ministry.
However, the price of light diesel oil is decreased by Rs0.48 per litre to Rs151.73 and kerosene oil by Rs0.62 to Rs164.98 per litre.
Notably, the updated prices of all petroleum products are effective from midnight today (December 1).
"The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations in the international market," the statement issued by the Finance Division.
| Products | Existing price w.e.f 16.11.2024 | New price w.e.f 01.12.2024 | Increase/Decrease |
High Speed Diesel (HSD) | 255.14 | Rs258.43 | +3.29 |
MS (Petrol) | 248.38 | Rs252.10 | +3.72 |
Kerosene oil | 165.60 | Rs164.98 | -0.62 |
Light diesel oil | 152.21 | Rs151.73 | -0.48 |
Every 15 days, the government examines and changes petroleum product prices in response to changes in the price of oil globally and in the value of the local currency.
On the other hand, it is important to note that the recent increase in petroleum product costs will undoubtedly have a cascading affect on the overall economy, impacting transportation, industries, and consumer prices.
