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The government has announced a price hike for petrol and diesel, adding further financial strain on the public amidst rising inflation. According to the latest notification, the price of petrol has been increased by Rs. 3.72 per liter, bringing the new price to Rs. 252.10 per liter. Similarly, the price of High-Speed Diesel has risen by Rs. 3.29 per liter, now priced at Rs. 258.43 per liter. This increase is attributed to higher global premium rates on petroleum products and increased import costs. The latest hike follows a similar adjustment made by the federal government on October 31, where petrol and diesel prices were also raised. #PetrolPriceHike #DieselPriceIncrease #InflationInPakistan #FuelPrice #PakistanEconomy

Petrol Prices Likely To Go Up By Rs. 8.50/L Read the blog: https://ow.ly/SgRF50Rg5VX #PakWheels #PWBlog #Petrol #PetrolPrice #PriceIncrease

Starting August 1, petrol and high-speed diesel (HSD) prices are expected to decrease by approximately Rs3 and Rs8.50 per litre, respectively, due to lower international market prices and import premiums. Despite these reductions, the petrol price will remain above Rs272 per litre and HSD close to Rs275 per litre due to high petroleum levies. This change follows significant price hikes earlier in the year, although previous reductions were seen between May 1 and June 15. #PetrolPrice #DieselPrice #FuelCosts #Pakistan #PetroleumLevy #EconomicUpdate #TransportCosts #Inflation

The government plans to cut fuel prices once more, with petrol expected to decrease by Rs4 per litre for the first half of June 2024, owing to a decline in international prices. International petroleum product prices have dropped by $1.68 by May 23, 2024, reaching $96.19, marking the third consecutive reduction in fuel prices, totaling a decrease of Rs24.85 per litre. Diesel prices on the global market have also fallen by 83 cents to $98.40, prompting an anticipated reduction in high-speed diesel (HSD) prices by about Rs3.5 per litre. Final prices, to be announced at midnight on May 31, 2024, and effective for the first half of June, will be determined by global market trends and the exchange rate, with six sessions remaining before the next pricing update. #clickmepakistan #government #petrol #prices #1june

In a significant relief amid inflation woes, the federal government has approved a substantial reduction of Rs15.39 per litre in petrol prices for the next two weeks, aligning with global oil rates. The price of diesel has also been slashed by Rs7.88. As per an official notification from the Finance Division issued on Wednesday, the revised fuel prices will take effect from May 16 (Thursday). #petrolprice #pakistan #2024

The federal government has announced a revision in fuel prices, with an increase in the cost of high-speed diesel while keeping petrol prices stable for the next fortnight. Starting from October 16, the price of petrol will remain unchanged at Rs. 247.03 per liter, offering some relief to consumers despite fluctuations in the global oil market. In contrast, high-speed diesel will see a price hike of Rs. 5 per liter, pushing its new rate to Rs. 246.29 per liter. This follows the previous price review, where petrol saw a reduction of Rs. 2.07 per liter, and diesel prices were lowered by Rs. 3.40. These adjustments reflect the government’s efforts to manage domestic fuel prices amidst ongoing shifts in the global oil market. The price changes are part of a broader strategy to balance international market conditions with local economic realities. #FuelPriceUpdate #PakistanEconomy #DieselPriceRise #PetrolPricesSteady

After five consecutive decreases, the federal government is likely to increase petrol prices by Rs. 5.5 and diesel by Rs. 13 per liter, starting October 16, 2024, due to a sharp rise in international oil prices. Global rates for HSD, petrol, and crude oil have surged to $87.5, $79, and $81 per barrel, respectively, while the Pakistani rupee remained stable at 277-278. The new prices are expected to be Rs. 252-253 per liter for petrol and Rs. 259-260 for diesel. #FuelPrices #PakistanEconomy #OilPrices #PetrolPriceHike #DieselPriceIncrease #energyhealing Visit Our Website: https://bankopedia.pk/

The citizens are likely to slap with another burden as the price of petrol and diesel are likely to increase in next two days, further exacerbating the inflationary pressures on households,reported on Saturday. According to sources, a proposal to raise the prices of petrol and diesel has been submitted, indicating a substantial hike. The proposed increase in petrol prices is Rs 7.67 per liter, which would raise the price from Rs 265.61 to Rs 273.28 per liter. Additionally, the proposal includes an increase of Rs 3.72 per liter for high-speed diesel, pushing the price from Rs 277.45 to Rs 281.17 per liter. The price of kerosene is suggested to rise by Rs 2.39 per liter, and light diesel by Rs 1 per liter. The proposed increases are influenced by various factors, including global oil prices, currency exchange rates, and financial considerations for the energy sector. The final decision regarding the new prices of petroleum products will be made by the Prime Minister. Once approved, the new prices will take effect for the following 15 days starting from July 16. This anticipated hike follows a recent increase from July 1 to July 15, where the price of petrol was raised by Rs 7.45 per liter, bringing it to the current Rs 265.61 per liter. #DieselPriceIncrease #EconomicChallenges  #karachifuelprices #PetrolPriceHike #todaypetroldiselprice #Increase #BREAKING #news

The government has announced a petrol price hike of Rs. 3.72 per liter, raising the new price to Rs. 252.10. The increase reflects changes in global oil markets and is expected to impact transportation costs across the country. #petrolprice #fuelhike #pakistan #economicupdate #fuelprices

Pakistanis are likely to see a reduction in petrol and diesel prices in the upcoming fortnightly review on September 15. Reports indicate that prices could drop by approximately Rs10 per litre for both petrol and high-speed diesel, provided the government does not increase the petroleum levy. This expected decrease follows a $5 per barrel decline in global oil prices, which strengthens the case for lower fuel costs. Currently, petrol is priced at Rs259.1 per litre, while diesel stands at Rs262.75 per litre. The potential price cut is aimed at easing inflationary pressures on middle and lower-income households, although its effect on transportation costs and essential goods may vary. #PetrolPrices #DieselPrices #FuelCostReduction #PakistanEconomy #InflationRelief #MiddleClassSupport #TransportationCosts #smartnewspk