The interim government has raised the price of petrol by Rs13.55 per litre for the upcoming two weeks based on the recommendation of the Oil and Gas Regulatory Authority (OGRA). The adjusted prices for petroleum products will be effective from midnight on February 1.
According to a statement from the Finance Division, the Government of Pakistan has chosen to modify the existing prices of petroleum products for the fortnight starting on February 1, 2024, in line with OGRA’s advice.
Following the adjustment, the new price for petrol is now set at Rs272.89 per litre, while the price for high-speed diesel is Rs278.96 after an increase of Rs2.75 per litre.
| Product | Existing Petrol Price | New Petrol Price | Increase/Decrease |
|---|---|---|---|
| Petrol | Rs259.34 | Rs272.89 | +Rs13.55 |
| High Speed Diesel (HSD) | Rs276.21 | Rs278.96 | +Rs2.75 |
This recent price hike coincides with the ongoing tensions in the Middle East, as Israel continues its military actions in Gaza.
Additionally, the price of kerosene oil has been reduced to Rs186.62 per litre after a marginal increase of Rs0.24, while the price of light-speed diesel has been raised to Rs166.86 per litre following an increase of Rs2.03 per litre.
(Islamabad51_Newsdesk)
