Big Hike: Petrol Price in Pakistan Increased by Rs 8

The government has increased petrol prices for the next 15 days, according to a notification issued by the Petroleum Division. New Price is Rs. 266.17 per litre. the decision comes as part of the regular fortnightly review of petroleum product prices.

ProductIncreaseNew Price
PetrolRs. 8.00Rs. 266.17 per litre

As per the official notification, the price of petrol has been increased by Rs. 8 per litre, taking the new rate to Rs. 266.17 per litre. The revised price will remain effective for the next 15 days until the next review.

The increase in petrol prices is expected to impact transport costs and overall inflation. Higher fuel prices usually lead to an increase in public transport fares and delivery charges, which can also push up the prices of essential goods in the market.

Pakistan relies heavily on imported petroleum products, and domestic fuel prices are adjusted based on global crude oil trends and exchange rate fluctuations. Any change in international oil prices directly affects local consumers.

Economic experts say fuel price revisions play a key role in shaping inflation trends in the country. With the latest hike, consumers may feel additional pressure on their monthly budgets. Businesses that depend on transportation and logistics may also face higher operational costs.

The new petrol price of Rs. 266.17 per litre will remain applicable nationwide for the next 15 days, after which the government will announce the next revision based on market conditions.

Hassan

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