Petrol Price in Pakistan Increases by Rs. 13.55 in 2024

Abdullah

01 Feb 2024

593

Petrol Price in Pakistan Increases by Rs. 13.55 in 2024

In a recent development, the government has given the green light to a significant hike in petrol prices, triggering concerns among consumers about its impact on their daily lives. According to official notifications, the price of petrol per liter has experienced a staggering rise of Rs. 13.55, bringing it to the new price of Rs. 272.89.

Diesel Prices also Witness a Revision

Similarly, a revision of Rs. 2.75 per liter has been approved for Diesel Price, resulting in a new price of Rs. 278.96 per liter after the increase. As consumers grapple with these changes, it becomes crucial to assess the implications on their budgets and transportation costs.

Relief in Kerosene Oil Prices

In a move to provide relief, the government has decided to reduce the price of kerosene oil by Rs. 0.24 per liter. This adjustment establishes the new rate at Rs. 186.62 per liter, aiming to alleviate the financial burden on consumers who rely on kerosene for various household needs.

Moderate Increase for Light Diesel Oil

Furthermore, a moderate increase of Rs. 2.03 per liter has been sanctioned for light diesel oil, setting the new price at Rs. 166.86 per liter. This measured adjustment aims to balance the economic considerations associated with fuel pricing.

Prime Minister's Approval and Economic Considerations

These price adjustments come on the heels of the Prime Minister's approval of the new rates for petroleum products. The revisions reflect an attempt to strike a balance between economic considerations and the imperative to ensure a stable supply of energy resources in the country.

Navigating the Impact on Various Sectors

As consumers and businesses navigate these changes, it remains to be seen how the adjustments in Fuel Prices in Pakistan 2024 will impact various sectors of the economy. The government's rationale behind these revisions will be closely observed as stakeholders assess the broader economic implications.

Petrol Prices Diesel Prices Kerosene Oil Price Fuel Price Hike Economic Impact Consumer Concerns Prime Ministers Approval Fuel Prices in Pakistan 2024 Diesel Price in Pakistan

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