ISLAMABAD – Price Hike Announced by the Federal Government
The federal government of Pakistan has announced an increase in petroleum prices by up to Rs2.96 per litre, effective from midnight. This decision is part of the latest fortnightly review conducted by the Ministry of Finance.
New Petroleum Prices in Pakistan (Effective from Midnight)
| Product | Previous Price (Rs) | Price After Increase (Rs) | Increase (Rs) |
|---|---|---|---|
| Petrol | 252.10 | 252.66 | 0.56 |
| High-Speed Diesel | 255.38 | 258.34 | 2.96 |
Impact of Petroleum Price Increase on Key Sectors
| Sector Affected | Potential Impact |
|---|---|
| Transportation | Increase in fuel costs leading to higher fares and freight charges. |
| Logistics & Supply Chain | Rising transportation costs impacting goods distribution. |
| Agriculture | Higher fuel prices raising input costs for farming operations. |
Petrol Price Increase: Rs 0.56 per Litre
In the latest adjustment, the price of petrol has been raised by 56 paisas, bringing the new price to Rs 252.66 per litre. The increase comes as part of the government’s ongoing efforts to align petroleum prices with international market trends.
High-Speed Diesel Price Surge: Rs 2.96 per Litre
In addition, the government increased the price of high-speed diesel by Rs 2.96, bringing the new price to Rs 258.34 per litre. As a result, the diesel price hike will affect transportation and logistics sectors across the country.
New Prices Set to Remain for 15 Days
The Ministry of Finance has issued a notification confirming that the revised prices will be in effect for the next 15 days. The new pricing reflects the government’s continuous adjustments based on international oil price fluctuations.
Recent Price Hikes: A Recurring Trend
This increase follows the previous fortnight’s price hike, during which the government raised petrol prices by Rs3.72 per litre and increased high-speed diesel prices by Rs3.29. Consequently, these changes highlight the government’s strategy of making frequent price adjustments to cope with the volatile global oil market.
Stay informed and prepared as the new petroleum prices take effect tonight. The impact will be felt across various sectors in the coming days.
