Saturday, December 2, 2023

Pakistan to Increase Petrol Price from November 1

The Pakistani government has announced a petrol price increase set to take effect at the beginning of the next month. This move is likely in response to changing global oil prices and economic factors, with potential impacts on the cost of living and transportation for citizens.

The Pakistani interim government recently implemented a significant reduction in petrol prices, cutting them by Rs40 per litre and high-speed diesel prices by Rs15 per litre for a two-week period. This temporary reduction aimed to provide relief to consumers and mitigate the economic impact of high fuel costs.

Fuel prices in Pakistan may rise by Rs3.55 per litre, and diesel prices could see an increase of Rs0.82 per litre. Caretaker Prime Minister Haq is expected to make a final decision in the days ahead, with the prices for the first half of November set to be officially announced on October 31, 2023. This potential increase reflects the country’s response to global oil price fluctuations and may impact the cost of living and transportation for the citizens.

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