Overview
- Industry projections point to high-speed diesel rising by about Rs9.60 per litre to Rs288.04, while the ex-depot petrol price is seen dipping by roughly Rs1.96 to Rs263.49, subject to approval.
- Kerosene oil is projected to increase by about Rs8.82 per litre to Rs193.87 and light diesel oil by Rs7.15 to Rs171.13, according to preliminary calculations.
- OGRA is expected to forward its working paper around Nov. 15, after which the Petroleum Division and Finance Ministry will finalize a summary for the prime minister before the Finance Ministry issues the formal notification.
- The anticipated adjustments draw on Platts benchmarks, import premiums of roughly $5.10/bbl for petrol and $3.20/bbl for HSD, and elevated levies near Rs80.52/l on petrol and Rs79.51/l on HSD, with the exchange rate largely steady.
- An HSD increase would raise costs for transport and agriculture, heightening the risk of broader price pressures for consumers.