Islamabad 51
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
Islamabad 51
No Result
View All Result
Home National

Latest Petrol and Diesel Prices in Pakistan Today March 16, 2024

Editor Isb by Editor Isb
May 14, 2025
in National, Latest
0
petrol-pump-pic
Share on FacebookShare on Twitter

ISLAMABAD: In its inaugural fuel price adjustment announcement, the newly inaugurated administration decided to maintain the current price of petrol while reducing the cost of diesel for the upcoming two weeks.

The Ministry of Finance, in a statement released before midnight, confirmed that the adjusted diesel price would take effect on March 16, 2024, aligning with the recommendation from the Oil and Gas Regulatory Authority (Ogra).

More Insights: Explore Related Stories

No Content Available

The price of petrol remains steady at Rs279.75 per liter, whereas the price of high-speed diesel has been lowered by Rs1.77 to Rs285.56 per liter.

Earlier indications from reliable sources suggested that petroleum prices were expected to remain relatively unchanged, with the premium on petrol imports rising to $12.15 per barrel from $10.45 in February.

However, exchange rates and international product prices remained within a stable range. The premium on high-speed diesel (HSD) imports remained unchanged at $6.50 per barrel.

Latest Petrol and Diesel Prices in Pakistan Today March 16, 2024:

Product Existing price New price Increase/Decrease
Petrol Rs279.75 Rs279.75 Rs0
High-Speed Diesel Rs287.33 Rs285.56 Rs-1.77

The government of Pakistan had increased the price of petrol by Rs4.13 per liter. The prices of other petroleum products were also adjusted accordingly. These new prices were set to be applicable from March 1, 2024.

According to a statement issued by the Ministry of Finance, the government announced changes in the prices of petroleum products. The price of petrol was increased by Rs4.13 per liter, bringing the new price to Rs279.75 per liter.

The price of high-speed diesel remained unchanged at Rs287.33 per liter, while the price of kerosene was raised by Rs1.44 per liter to Rs190.01 per liter. Conversely, the government reduced the price of light diesel by Rs1.14 per liter, setting the new price at Rs170.30 per liter.

These adjusted prices were applicable for fifteen days from March 1, 2024.

It’s noteworthy that the newly elected members of the National Assembly took oath on Thursday. The election of the Speaker and the new Prime Minister was scheduled to take place in a few days.

Reports indicated that the government increased the prices of petroleum products due to changes in international market prices, import premium, and exchange rate. Earlier speculations suggested a decrease in petroleum product prices from March 1, 2024. However, recent fluctuations in the international market led to adjustments in the prices.

(Islamabad51_Newsdesk)

Tags: Fuel Prices TodayLatest Petrol Diesel Price Pakistan TodayPetrol Price 16 March 2024
Previous Post

Lahore Market Timings for Ramadan 2024 – Check Details

Next Post

CDA Implements Expanded Property Tax Rates Across Islamabad

Editor Isb

Editor Isb

Related Posts

No Content Available
Next Post
cda islamabad

CDA Implements Expanded Property Tax Rates Across Islamabad

shehbaz visit the army head quarter in rawalpindi

PM Shehbaz Commends Pakistan Army's Dedication During GHQ Visit

Pakistani Well-know actress ayesha omar

Ayesha Omar Undergoes Medical Surgery for Old Injury, Takes Break from Showbiz

new paper checking system launched

Machine marking system to be introduced for paper checking in Lahore

Follow Us

Recommended

Madiha Rizvi’s second marriage to Junaid Ali Perwez; See Wedding Pictures here

Madiha Rizvi’s second marriage to Junaid Ali Perwez; See Wedding Pictures here

1 year ago
pemra-builiding-pic

Pemra Issues Show-Cause Notices to News Channels Over Election Conduct Violations

1 year ago
PIA Airplane Image

PIA to recruit aircraft technicians on daily wages, contract hiring interviews begin

4 months ago
Utility Store Pakistan

Utility Stores Corporation removes 2,800 employees – see details

2 weeks ago

Categories

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Home 1
  • Privacy Policy
  • Terms of Service

Follow us on Google News for Latest Updates

Recent News

  • New taxes to be imposed on Karachi wedding halls, details revealed
  • Pakistani mountaineer Sirbaz Khan summits all 14 highest peaks without oxygen
  • Karachi faces 12 to 14 hours of load-shedding in various areas

Category

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us

© 2023 Islamabad51