Petroleum value prone to go somewhere near over Rs5 in impending audit

Diesel value expected to stay unaltered in the fortnightly audit, say sources

Sunday, January 14, 2024

Overseer govt may diminish petroleum cost by Rs5.32 per liter.
Dealing with new POL costs to be carried out from Jan 16.
Lamp oil cost likewise prone to tumble by Rs3.20 per liter.

ISLAMABAD: The petroleum cost is supposed to go somewhere near over Rs5, while the rapid diesel (HSD) may not observe any adjustment of the impending fuel costs survey, The News detailed citing sources on Sunday.

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According to the distribution, the overseer government might diminish the petroleum cost by Rs5.32 per liter from January 16.

In any case, no adjustment of HSD cost was normal directly following a reduction in the costs of POL [petrol, oil and lubricants] in the global market enrolled in the continuous fortnight, and the increment of rupee esteem against the US dollar, a senior government official told The News.

"Dealing with new POL costs to be carried out from January 16, 2024, will be finished on January 15.

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"Information gathered so far propose a diminishing in MS (engine soul) cost by Rs5.32 per unit, and HSD Re0.26 per liter. The information of 13 days likewise proposes a reduction in the cost of lamp oil by Rs3.29 per liter and light diesel oil (LDO) by Rs1.75 per liter."

The public authority may not diminish the diesel cost and keep its cost unaltered, as the reduction of 26 paisas was worked out in the underlying working. The cost of neighborhood fly pilot fuel (JP-1) may plunge by Rs3.29 per liter.

The public authority official said that petroleum costs are probably going to diminish from the ongoing Rs267.34 to Rs262.02 per liter, while the HSD cost would stay unaltered at Rs276.21 per liter.

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Similarly, the lamp fuel cost is additionally liable to tumble by Rs3.20 per liter to Rs185.54 from Rs188.83 per liter and the LDO cost to lessen by Rs1.75 per liter to Rs164 per liter from the current Rs165.75 per liter.

The information likewise shows that the new ex-treatment facility cost of petroleum from January 16, 2024, is probably going to be at Rs180.29 per liter though the current

MS processing plant cost remains at Rs185.61 per liter.

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In like manner, the new ex-treatment facility cost of HSD has been projected to go down to Rs195.80 from Rs196.06 per liter. The ex-processing plant cost of lamp oil and LDO has likewise been projected to diminish to Rs176.88 per liter and Rs157.41 per liter, separately.

The current ex-treatment facility costs of lamp fuel and LDO stand at Rs180.17 and Rs159.16 per liter, individually.