Tag: per litre petrol price

  • Petrol price increased by Rs4.13 to Rs279.75 per litre

    Petrol price increased by Rs4.13 to Rs279.75 per litre

    The outgoing caretaker government announced on Thursday an increase in the price of petrol by Rs4.13 per litre while maintaining the current price of diesel.

    According to a notification from the Finance Division, the new price of petrol will be Rs279.75 per litre and will remain in effect for the upcoming fortnight.

    This marks the third consecutive hike by the interim government, and it is expected to be the last under their administration, as an elected prime minister is set to take office by the end of this week.

    The recent surge in petrol prices was anticipated, given the rise in global oil prices amid a recovery in demand and persistent tensions in the Middle East.

    The caretaker government had previously increased the price of petrol by Rs2.73 per litre and high-speed diesel (HSD) by Rs8.37 per litre in the last review.

  • Petrol price in Pakistan slashed by Rs40 to Rs283.38 per litre

    Petrol price in Pakistan slashed by Rs40 to Rs283.38 per litre

    In a move to ease the burden on masses dealing with high inflation, the caretaker government has decided to lower the cost of petrol by Rs40 per litre and high-speed diesel (HSD) by Rs15 for the next two weeks. 

    The new per litre rates are set at Rs283.38 for petrol and Rs303.18 for diesel. 

    This change comes as a response to fluctuations in international fuel prices and an improved exchange rate, leading the government to adjust consumer prices for petroleum products. 

    For the second time in a row, the interim government is taking steps to lower petroleum prices, following three consecutive bi-weekly increases.

    In the previous adjustment, petrol saw a reduction of Rs8 per litre, while high-speed diesel decreased by Rs11 per litre.

    Between August 15 and September 15, the prices of petrol and high-speed diesel had surged by Rs58.43 and Rs55.83 per litre, reaching historic highs at retail of Rs331-333 per litre.

    Earlier this week, it was anticipated that the prices of HSD and petrol would dip below Rs300 per litre in the upcoming review, thanks to a significant decline in global oil rates and the strengthening of the rupee.