ISLAMABAD:

In a move reflective of the economic stability envisioned by the caretaker government, prices of diesel and petrol will remain unchanged during the fortnight commencing January 1, 2024. This decision aligns with the recommendations of the Oil and Gas Regulatory Authority (OGRA), providing a sense of consistency in fuel costs for consumers.

As outlined in a notification issued by the Finance Division on Sunday, the prices of petrol and High Speed Diesel (HSD) will persist at Rs267.34 and Rs276.21 per litre, respectively. This measure aims to mitigate potential financial burdens on consumers and maintain a stable economic environment, especially during this transitional period.

Notably, the notification did not specify any adjustments to the prices of light diesel oil and kerosene oil, leaving consumers in anticipation of further announcements or modifications in the near future.

Also read: Govt slashes petrol price by Rs14 per litre

Petrol, a crucial energy source and a common alternative to compressed natural gas (CNG), plays a pivotal role in regions such as Punjab, where CNG outlets heavily depend on imported gas. The decision to keep petrol prices unchanged is particularly significant given recent challenges faced by CNG outlets in accessing liquefied natural gas (LNG) during the winter season.

High Speed Diesel (HSD), priced at Rs276.21 per litre, remains a key fuel in both the transport and agriculture sectors. Its stability in pricing provides assurance to industries reliant on diesel for their operations.

While this decision ensures a sense of predictability in fuel costs for consumers, it also reflects the caretaker government’s commitment to maintaining economic equilibrium during its tenure. The caretaker administration aims to provide a steady economic environment as the nation prepares for the upcoming general elections, fostering an atmosphere of financial security and stability.





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