There is a strong possibility that petrol prices may decrease from February 1, while diesel prices are expected to rise. According to early estimates, this change could impact consumers across the country as the government reviews fuel rates ahead of the new pricing cycle, with a likely petrol price cut from February 1 drawing public attention.
Industry sources say that petrol may become cheaper by 36 paisas per litre. In contrast, high-speed diesel is expected to become significantly more expensive, with an increase of up to Rs9.47 per litre, which could affect transport and goods prices.
Sources further estimate that kerosene oil may rise by Rs3.69 per litre, while light diesel oil could become costlier by Rs6.95 per litre. These changes are based on preliminary calculations and global oil price trends.
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Officials said that the Oil and Gas Regulatory Authority (OGRA) will send its working paper to the Petroleum Division on January 30. After that, the Ministry of Finance will review the proposals before finalizing prices.
The final decision on fuel prices will be made in consultation with the Prime Minister. Consumers are closely watching developments, especially regarding the expected petrol price cut from February 1, which could offer slight relief amid rising living costs.
