Pakistan fuel prices expected to shift in March

Pakistani government expected to implement a decrease in diesel costs and a marginal increase in petrol prices from March 1, according to industry sources.

The price of High-Speed Diesel (HSD), with projections suggesting the Ex-Depot price will fall to PKR 258.47 per liter, down from the previous rate of PKR 263.95 per liter recorded on February 16th.

Conversely, the price of Motor Spirit (MS), or gasoline, is expected to see a slight increase, with the projected Ex-Depot price being PKR 256.69 per liter, a marginal rise of PKR 0.56 from the previous price of PKR 256.13 per liter.

This follows the government's recent decision to reduce diesel prices by PKR 4 per liter and gasoline prices by PKR 1 per liter in the last fortnight.

These anticipated changes reflect fluctuations in global oil prices and adjustments to domestic factors, including the Inland Freight Equalization Margin (IFEM).

The projected changes are based on data attributed to the Oil and Gas Regulatory Authority and analyzed by market observers. Final prices are subject to government approval and potential adjustments to taxes and levies.