Key Takeaways
- Petrol prices increased by Rs. 12.90 to Rs. 358.77 per litre.
- Diesel prices rose by Rs. 3.72 to Rs. 381.77 per litre.
- This is the biggest price hike since the introduction of daily pricing mechanism in July.
The federal government has announced an increase in the prices of motor spirit (MS) petrol and high-speed diesel (HSD) for the next 24 hours, according to the latest update from the Oil and Gas Regulatory Authority (OGRA).
Petrol prices have been raised by Rs. 12.90 to Rs. 358.77 per litre, while diesel prices have increased by Rs. 3.72 to Rs. 381.77 per litre.
This marks the largest price hike since the introduction of Pakistan’s inaugural daily fuel pricing mechanism in July.
Since the beginning of daily revisions, petrol prices have increased by Rs. 47.47 per litre and diesel by Rs. 52.26 per litre.
The price of petrol was decreased by Rs. 3.13 to Rs. 345.87 per litre on Friday, while diesel was increased by Rs. 3.74 to Rs. 378.05 per litre.
The daily revisions have seen fluctuating prices, with petrol and diesel prices increasing and decreasing over the past few months.
On 31 August, petrol was priced at Rs. 342.79 per litre and diesel at Rs. 370.41 per litre, while on 7 September, the prices were Rs. 358.77 and Rs. 381.77 respectively.
The government’s decision to increase fuel prices again is likely to impact the daily lives of Pakistanis, who have already experienced several price hikes since July.
The introduction of daily pricing has been seen as a step towards transparency, but the frequent fluctuations have caused concern among the public.
