Govt raises petrol price by Rs2.31 per litre, diesel by Re0.78
“The federal government has increased petrol and high-speed diesel (HSD) prices following changes in international oil markets. the Petroleum Division, petrol has been increased by Rs2.31 per litre, wh…”
Following the latest revision, petrol will cost Rs398.96 per litre, while HSD will be available at Rs395.72 per litre. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the government’s petroleum pricing mechanism.
The Petroleum Division said the adjustment was based on changes in international petroleum prices. Also Read:Govt raises petrol price by Rs1.82 per litre, slashes diesel by Re0.91The government periodically reviews fuel prices to reflect developments in global oil markets and their impact on domestic petroleum costs.
OGRA has also started publishing daily petroleum prices on its website as part of efforts to improve transparency and ensure international oil price movements are reflected more quickly in domestic rates. Petroleum Minister Ali Pervaiz Malik said the daily pricing mechanism is based on a seven-day average of international market prices, in line with international practice.
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The latest increase is expected to raise transportation and other costs for consumers and businesses across the country.
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