The federal government is set to announce changes in petroleum prices on December 31, with potential increases in the prices of diesel and kerosene oil, while petrol prices are expected to remain unchanged.

Sources within the Petroleum Division have revealed that the price of high-speed diesel (HSD) could rise by around Rs. 4 per litre, while kerosene oil may see an increase of Rs. 1 per litre. Petrol prices, however, are likely to stay stable, though there remains a possibility of an increase depending on the final decision.

The Finance Minister is expected to consult with the Prime Minister before finalizing the adjustments, with the official notification to be issued on the last day of the year. “There is a possibility that petrol prices will also be increased, but the situation will become clear once the official notification is issued,” a source stated.

These adjustments are part of the government’s routine review of fuel prices, which are influenced by global market trends and domestic economic factors.