Cost of high velocity diesel projected to increment by Rs1.28 per liter to Rs277.49
Saturday, December 30, 2023
Petroleum cost to hold consistent in next survey.
Diesel rate to increment from Januray 1.
Next fortnightly survey due tomorrow.
KARACHI: The costs of oil based commodities won't see any significant change with diesel rates expected to go up in the forthcoming fortnightly audit on December 31 (tomorrow), The News announced Saturday.
As per the oil business' computations, the ex-station cost of petroleum, the most generally involved fuel in the nation, is probably going to diminish by 0.98 rupees per liter to Rs266.36 from the current cost of Rs267.34.
In the interim, the cost of high velocity diesel (HSD), fundamentally utilized for transport and horticulture, is projected to increment by Rs1.28 per liter to Rs277.49 from Rs 276.21 per liter.
The ex-warehouse cost of lamp oil, utilized for cooking and lighting in far off regions, is supposed to fall by Rs1.22 per liter to Rs189.80 from the current cost of Rs191.02 per liter. Moreover, the cost of light diesel oil (LDO), utilized for modern objects, is estimate to ascend by Rs1.77 per liter to Rs166.41 from Rs164.64 per liter at present.
The ex-warehouse costs of oil based commodities have shown practically no change after the decrease of oil based commodity costs in the last two surveys.
Oil area specialists showed that worldwide rough costs didn't encounter huge changes during the last fortnight, and the dollar rate remains basically unaltered from the past fortnight with a slight decrease. This recommends that costs for end buyers are probably not going to diminish in the following fortnight.
Pakistan depends intensely on imported oil based goods, with over 70% of its interest met through imports. The nation saw a 5.76% year-on-year expansion in the petrol bunch import bill for November 2023. The bill added up to $1.32 billion, up from $1.25 billion in a similar period last year, demonstrating a consistent ascent in the nation's oil consumption.
Oil based commodities represented 29.76% of the all out import bill in November 2023.
The expansion in oil based good costs during the primary quarter of this financial year prompted a critical drop in utilization. In any case, the subsequent quarter saw adjustment or even reductions in oil based commodity costs, which pushed up utilization in November this year.
