ISLAMABAD: Consumers are likely to see a minor relief in fuel prices from September 1, with petroleum products projected to drop by up to Rs3.13 per litre for the first half of the month.
Industry estimates suggest petrol may decline by Rs0.61 per litre to Rs264, while high-speed diesel (HSD) — the country’s most consumed fuel — could fall by Rs3.13 to Rs269.86. Kerosene, widely used in rural households, is expected to decrease by Rs1.78 to Rs176.70, and light diesel oil (LDO) by Rs2.61 to Rs159.55.
Ex-refinery price revisions indicate petrol may fall by Rs0.43, HSD by Rs2.87, kerosene by Rs1.57, and LDO by Rs2.61 per litre. These movements are linked to global oil price trends, import costs, and refining margins. In percentage terms, petrol may dip 0.2%, diesel 1.1%, kerosene 0.9%, and LDO 1.6%.
However, the calculations exclude exchange rate impacts, which oil companies typically adjust later. The rupee-dollar parity remains volatile and could either erode or enhance the expected relief.
Final prices will be announced by the Ministry of Finance after reviewing OGRA’s recommendations, factoring in international oil benchmarks, premiums, freight charges, and levies.
