ISLAMABAD:
The interim authorities is prone to announce a modest discount in ex-depot costs of all petroleum merchandise, doubtlessly reducing them by as much as Rs5.50 per litre efficient Jan 16, as per the present tax charges.
In line with an estimate, petrol costs might witness a major drop of Rs5.50 per litre within the second half of Jan 2024.
Nonetheless, expectations are that the speed of high-speed diesel (HSD) will stay unchanged.
Kerosene oil is anticipated to expertise a lower of Rs3 per litre, whereas the value of sunshine diesel oil (LDO) may even see a slight discount of Rs1.50 per litre.
The Oil and Gasoline Regulatory Authority (OGRA) will current its fortnightly evaluation to the Petroleum Division, with the ultimate resolution contingent on components similar to oil consumption, the prevailing petroleum levy (PL), basic gross sales tax (GST), premium, alternate charges, and international oil costs.
Additionally learn: Gasoline costs to stay unchanged
In line with an estimate, the value of petrol could come down from Rs267.34 to Rs261.84 per litre. The value of HSD may be stored unchanged by adjusting alternate charge at Rs1.50 and premium of $5.30 per barrel.
The value of kerosene oil is prone to be diminished from Rs188.83 to Rs185.83 per litre and that of LDO from Rs165.75 to Rs164.25 per litre.
Current developments in international oil costs point out a $1.5 lower within the worth of Brent Oil per barrel, dropping from $84.50 to $83 per barrel since Jan 1, 2024.
As well as, the HSD charge displays a decline of round $1 per barrel, decreasing from $97 to $95.80.
Additional, the Pakistani rupee has strengthened in opposition to the US greenback by Rs3.