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Pakistan's Petrol Price Up by Rs. 14.91/L

01 Sep 2023   314
Pakistan

Pakistan's Petrol Price Up by Rs. 14.91/L

The government of Pakistan implemented a significant increase in petrol and diesel prices on August 31, 2023. The price of petrol has surged by Rs. 14.91 per liter, resulting in a new rate of Rs. 305.36, a notable increase from its previous price of Rs. 290.45. Simultaneously, the cost of high-speed diesel (HSD) also witnessed a substantial rise, soaring by Rs. 18.44 per liter to reach a new price of Rs. 311.84 from its previous rate of Rs. 293.40.

Price Adjustments Due to Global Factors

Citing fluctuations in the international petroleum market and variations in exchange rates, the Finance Division of Pakistan has announced the government's decision to adjust the existing consumer prices of petroleum products. These revised prices are scheduled to take effect starting from September 1, 2023.

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