The interim government has hiked a petrol price increase of Rs13.55 per litre and a Rs2.15 rise for high-speed diesel (HSD).
The recent increase in fuel prices is a response to the escalating conflict in the Middle East, particularly Israel’s continued military actions in Gaza. The revised petroleum product prices will be implemented starting at midnight on February 1.
According to the notification, petrol prices will reach Rs272.89 per litre effective February 1.
The Government of Pakistan has opted to adjust petroleum product prices for the fortnight beginning February 1, 2024, following recommendations from OGRA,” stated the Finance Division.
| Products | Existing Price | New Price | Increase/Decrease |
|---|---|---|---|
| Petrol | Rs259.34 | Rs272.89 | +Rs13.55 |
| High Speed Diesel (HSD) | Rs276.21 | Rs278.96 | +Rs2.75 |
Earlier this month, petrol prices dropped by Rs8 per litre, while diesel remained at Rs273.21 per litre for the following fortnight. A finance ministry update indicated petrol at Rs259.34 per litre from January 16, a Rs8 reduction. At the same time, diesel prices stayed at Rs276.21 per litre. Prices for light-diesel and kerosene oil remained unchanged.
