Due to the impact of rising oil prices in the international market, the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO) are expected to increase by approximately Rs4 to Rs5 per litre on New Year’s Eve, for the first half of 2025.
However, sources indicate that the ex-depot price of petrol is likely to remain relatively stable, with a potential change of just Re1 per litre, depending on the final calculations on December 31.
In mid-December, the ex-depot price of HSD was reduced by Rs3.05 (1.18%) to Rs255.38 per litre, while the petrol price remained unchanged.
According to sources, the average prices of HSD and LDO have seen a slight increase in the international market over the past fortnight. Additionally, the ex-refinery cost of kerosene oil has also risen slightly. The import premium on both petrol and diesel remained stable, and the exchange rate has remained largely unchanged.
As of December 28, the latest calculations suggest a price increase of about Rs4 per litre for HSD, and Rs5 per litre for kerosene and LDO.
An official from the Oil and Gas Regulatory Authority (Ogra) noted that the price difference for petrol is minimal, allowing for adjustments within the inland freight equalization margin, which is designed to ensure uniform pricing across the country.
The current ex-depot price for petrol stands at Rs252.10 per litre, while HSD is priced at Rs255.38 per litre.