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Reading: Petrol Surge by Rs3.47, Diesel Up by Rs2.61 as Global Oil Prices Climb
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petrol and diesel price increase
PhotoNews Pakistan > Business > Petrol Surge by Rs3.47, Diesel Up by Rs2.61 as Global Oil Prices Climb
Business

Petrol Surge by Rs3.47, Diesel Up by Rs2.61 as Global Oil Prices Climb

Web Desk
By Web Desk Published January 16, 2025 1 Min Read
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An image showing petrol filling in the car. Photo Credits: Arab News
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The federal government announced a Rs3.47 increase in petrol prices per litre for the upcoming fortnight, as stated in an official release on Wednesday.

A Finance Division notice revealed that high-speed diesel (HSD) prices have risen from Rs258.34 to Rs260.95, marking a Rs2.61 hike.

Breaking news
The government dropped petrol bombs on the people.
The price of petrol has been increased by 3 rupees 47 paise per litre.
The price of diesel has been increased by Rs 2.61 paise per litre.#PetrolDieselPrice #Pakistan pic.twitter.com/KeuUh2V5ag

— Abdul R@him (@AbdulRahim9890) January 16, 2025

“The Oil & Gas Regulatory Authority (OGRA) has calculated the consumer prices for petroleum products, considering the recent international market fluctuations,” the notification stated.

It declared the revised fuel prices will take effect from January 16.

This increase in petroleum prices stems from escalating international oil costs, influenced by US sanctions on oil exports to China and India.

Following these sanctions, crude oil prices have climbed beyond $81 per barrel—the peak since August 2024—amid concerns about the effects of US restrictions on Russian oil shipments.

Earlier in the month, the government raised petrol prices by Re0.56 per litre on New Year’s Eve for the first fortnight of 2025.

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