Key Takeaways
- Petrol prices increased by Rs. 4.44 to reach Rs. 331.52 per litre.
- Diesel rates went up by Rs. 3.62, now selling at Rs. 378.66 per litre.
- These increases follow previous hikes on Wednesday.
The government has once again increased the prices of petrol and diesel in Pakistan, effective from Thursday night. According to an official notification by the Oil and Gas Regulatory Authority (OGRA), the price of petrol was raised by Rs. 4.44 per litre to a new rate of Rs. 331.52 per litre, while high-speed diesel (HSD) saw its price increase by Rs. 3.62 per litre to Rs. 378.66 per litre.
This latest adjustment follows an earlier hike on Wednesday, where petrol was increased by Rs. 6.39 per litre and diesel by Rs. 7.83 per litre. Since the beginning of daily fuel rate updates, the price of petrol has risen by a total of Rs. 20.8 per litre, while diesel prices have climbed by Rs. 55.36 per litre.
The changes in fuel prices are part of ongoing efforts to manage the country's energy sector and address rising costs. OGRA issues daily updates based on international crude oil prices, which influence local fuel rates. The latest adjustments bring petrol and diesel prices closer to their highest levels since July 18th, when they were last reviewed.
The government has been under pressure to control inflation and stabilize the economy amid global energy price fluctuations. These frequent changes in fuel prices can impact various sectors of the economy, including transportation and manufacturing, which rely heavily on these fuels for operations.
Consumers have expressed concern over the continuous increases, which they believe could further strain household budgets already burdened by other economic challenges. The latest hike comes at a time when Pakistan is grappling with high inflation rates, making everyday expenses more expensive for citizens.
