- Petrol, diesel changes too minor to pass on.
- Kerosene may rise by Rs1.30 per litre.
- LDO expected to increase by Rs1.35 per litre.
ISLAMABAD: Petroleum product prices are expected to remain unchanged for the next fortnight starting May 1, according to industrial and official estimates.
Sources told The News that petrol may decrease slightly by Re0.016 per litre, while high-speed diesel could see a marginal uptick of just Re0.01 per litre — changes so minimal they are unlikely to be passed on to consumers.
Officials attributed the stability to subdued global oil prices, with Brent crude holding at $65.52 per barrel and WTI crude at $61.87 per barrel, amid concerns over oversupply and uncertainty surrounding ongoing US-China tariff talks.
However, kerosene prices are expected to rise by 0.8% (Rs1.30 per litre), increasing from Rs169.38 to Rs170.68 per litre. Similarly, Light Diesel Oil (LDO) prices are likely to climb by Rs1.35 per litre, from Rs153.04 to Rs154.39 per litre.
For the previous fortnight, the federal government announced that fuel prices would remain unchanged, and any savings would be diverted toward infrastructure projects.
Prime Minister Shehbaz Sharif, chairing a federal cabinet meeting, stated that the funds would be used to dualise the N-25 highway linking Chaman, Quetta, Khuzdar, and Karachi, upgrading it to motorway standards.
Additionally, the savings will help finance the construction of the M-6 and M-9 motorways (Sukkur-Hyderabad and Hyderabad-Karachi segments) and the completion of Phase 2 of the Kachhi Canal project to promote agricultural development in Balochistan.
The prime minister stressed that the prosperity of Balochistan was vital to the prosperity of Pakistan as a whole.
The cabinet also approved amendments to the Petroleum Products (Petroleum Levy) Ordinance 1961 to boost national revenues, along with the Sustainable Investment Sukuk Framework to support future domestic securities issuance.