Petrol prices likely to go up for second fortnight
13 November, 2024 12:41
Expected petrol price in Pakistan: Fuel rates drop from March 16
Petrol and diesel prices in Pakistan are expected to rise significantly from November 16 amid the ongoing proposal from the International Monetary Fund (IMF).
As per report, the prices may go up about Rs4-5 per litre from Nov 16 for a fortnight.
If the government agrees to IMF recommendations, petrol and diesel prices jack up starting November 16, adding to the burden on consumers already grappling with inflation.
Furthermore, the petrol and HSD in the international market soared by about $1.7 and $4.4 per barrel, respectively, in the last fortnight.
The latest price hike on October 31 pushed petrol prices up by Rs1.35 per litre, setting the new rate at Rs248.38 per litre. High-speed diesel (HSD) saw a more substantial increase of Rs3.85, now priced at Rs255.14 per litre.
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