Key Takeaways
- Petrol prices increased by Rs. 6.39 to reach Rs. 327.12 per litre.
- Diesel rates rose by Rs. 7.83, now selling at Rs. 375.04 per litre.
- Negotiations with dealers led to the suspension of a nationwide strike.
The government has announced another increase in fuel prices, marking the third consecutive rise this month. Petrol is now priced at Rs. 327.12 per litre after an increase of Rs. 6.39 from its previous rate of Rs. 320.73. Similarly, diesel has seen a hike of Rs. 7.83 to reach Rs. 375.04 per litre.
These increases come following successful negotiations between the federal government and petroleum dealers. On Wednesday night, petrol pump owners suspended their nationwide strike after discussions with the authorities, ensuring uninterrupted fuel supplies across Pakistan. The Petroleum Dealers Association also endorsed the move during a joint press conference.
The previous increase on Tuesday saw petrol rise by Rs. 4.93 to Rs. 320.73 per litre, while diesel increased by Rs. 7.15 to Rs. 367.21 per litre. The latest adjustments bring the total fuel price hikes since July 18th to significant levels, affecting both consumers and businesses.
The Oil and Gas Regulatory Authority (OGRA) issued an official notification confirming the new rates. This decision is part of a broader strategy by the government to manage inflationary pressures and maintain fiscal discipline in the face of rising global oil prices.
Petrol pump owners had been on strike since July 18th, demanding better terms from the government. The suspension of the strike was seen as a positive development, although concerns remain about its long-term impact on fuel availability and affordability for Pakistanis.
