Petrol prices in Pakistan are expected to rise starting March 1, 2024. The government is likely to increase of Rs 4 per liter for petrol and up to Rs 1.5 per liter for diesel, citing the surge in international prices and exchange rates.
Petrol Price in Pakistan
Currently, petrol is priced at Rs 275.62 per liter, while diesel stands at Rs 287.33 per liter.
Petrol Price | Rs 275.62 per liter |
High Speed Diesel Price | Rs 287.33 per liter |
If the proposed hike is approved, the new rates would be approximately Rs 279.62 per liter for petrol and Rs 288.83 per liter for diesel.
Expected Price in Pakistan from 1st March
Petrol Price | Rs 275.62 per liter |
High Speed Diesel Price | Rs 288.83 per liter |
This adjustment reflects the global trend, with petrol prices escalating by $0.5 per barrel to $90.78, while diesel prices witnessed a slight decline of eight cents per barrel to $101.05.
Such fluctuations need periodic adjustments to domestic prices to align with international market dynamics.
This anticipated increase in fuel rates underscores the planned of global energy markets and their impact on local economies.