Govt Increases Petrol by Rs9.66, Cuts Diesel Price by Rs3.32

The federal government of Pakistan has announced a significant increase in petrol prices by Rs9.66 per litre, bringing the new rate to Rs289.41 per litre, effective from April 01, 2024.

In contrast, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre to Rs282.24.

The decision follows earlier speculation reported by Headline PK regarding a potential hike in petroleum product prices. The recent surge in petrol prices is attributed to a rise in the premium, increasing from $12.15 per barrel to $13.507 per barrel, marking a $1.45 per barrel increment.

It’s noteworthy that in the previous review, the government maintained the petrol price unchanged while decreasing the price of HSD by Rs1.77 per litre.