- Caretaker govt might lower petrol value by Rs5.32 per litre.
- Engaged on new POL costs to be applied from Jan 16.
- Kerosene value additionally more likely to tumble by Rs3.20 per litre.
ISLAMABAD: The petrol value is anticipated to go down by over Rs5, whereas the high-speed diesel (HSD) might not witness any change within the upcoming gasoline costs evaluation, The Information reported quoting sources on Sunday.
As per the publication, the caretaker authorities might lower the petrol value by Rs5.32 per litre from January 16.
Nevertheless, no change in HSD value was anticipated within the wake of a lower within the costs of POL [petrol, oil and lubricants] within the worldwide market registered within the ongoing fortnight, and the rise of rupee worth towards the US greenback, a senior authorities official advised The Information.
“Engaged on new POL costs to be applied from January 16, 2024, might be finalised on January 15.
“Information collected up to now recommend a lower in MS (motor spirit) value by Rs5.32 per unit, and HSD Re0.26 per litre. The information of 13 days additionally suggests a lower within the value of kerosene oil by Rs3.29 per litre and lightweight diesel oil (LDO) by Rs1.75 per litre.”
The federal government might not lower the diesel value and maintain its value unchanged, because the lower of 26 paisas was labored out within the preliminary working. The worth of native jet pilot gasoline (JP-1) might plunge by Rs3.29 per litre.
The federal government official mentioned that petrol costs are more likely to lower from the present Rs267.34 to Rs262.02 per litre, whereas the HSD value would stay unchanged at Rs276.21 per litre.
Likewise, the kerosene value can also be more likely to tumble by Rs3.20 per litre to Rs185.54 from Rs188.83 per litre and the LDO value to cut back by Rs1.75 per litre to Rs164 per litre from the prevailing Rs165.75 per litre.
The information additionally reveals that the brand new ex-refinery value of petrol from January 16, 2024, is more likely to be at Rs180.29 per litre whereas the prevailing
MS refinery value stands at Rs185.61 per litre.
Likewise, the brand new ex-refinery value of HSD has been projected to go all the way down to Rs195.80 from Rs196.06 per litre. The ex-refinery value of kerosene and LDO has additionally been projected to lower to Rs176.88 per litre and Rs157.41 per litre, respectively.
The prevailing ex-refinery costs of kerosene and LDO stand at Rs180.17 and Rs159.16 per litre, respectively.