Government of Pakistan has decided to increase petroleum prices in Pakistan w.e.f February 1, 2024. The petrol and diesel prices in Pakistan as per notification of Oil and Gas regularity for the 1st fortnight of February, 2024 is increased as 13.55 rupees for petrol and for diesel price increases as 2.75 rupees. The reason behind this increase is the rise in international fuel prices
Diesel Petrol prices in Pakistan February 1, 2024.
As of February 1, 2024, the prices are increased to climb by Rs 13.55 per litre and Rs.2.75 per litre for high speed diesel.
Diesel and petrol prices in Pakistan is as under.
| February 2024 | January 2024 | |
|---|---|---|
| Petrol Price (Rs) | 272.89 | 259.34 |
| Diesel Price (Rs) | 278.96 | 276.21 |
This potential hike comes despite recent improvements in Pakistan’s economy. A reduction in fuel prices would have been beneficial for the general public. However, the ongoing increase in international barrel prices is a significant factor in this decision.
In the last two weeks of January, the exchange rate between PKR and USD improved, with a gain of almost 1.5 Rs. Despite this positive development, Pakistan State Oil (PSO) still had to pay a higher premium price of almost $2 per barrel for both petrol and diesel.
Stay tuned for the official announcement on the expected fuel prices, including petrol and diesel, by the government. you may also get to know what is petrol price in Pakistan today after the announcement made by the government.
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