Caretaker government has increased the price of petrol by Rs 1.47 per liter and the price of High Speed Diesel (HSD) by Rs 7.50 per liter for the next fortnight starting from February 16, 2024. can
Official sources told The News that the significant increase in POL prices is due to the alarming situation in the Red Sea due to continuous attacks by the Houthis on the movement of oil tankers and other vessels.
However, without the exchange adjustment, petrol prices are likely to increase by Rs 1.97 per liter with the ex-depot sale price rising to Rs 274.86 per liter from Rs 272.89 per litre.
Similarly, without exchange adjustment, diesel price is likely to increase by Rs 9.20 per liter from Rs 278.96 to Rs 288.16 per litre.
Kerosene prices are also likely to increase by Rs 1.57 per liter from Rs 186.62 per liter to Rs 188.19 per liter if the dollar-rupee exchange rate is not adjusted.
KARACHI: For those who are suffering from inflation, there’s good news: starting on February 16 and continuing for the next two weeks, the price of gasoline and high-speed diesel is expected to drop by Rs10–12 per liter.
People who are aware of the trend expect that fuel prices in Pakistan will most likely keep declining, mostly as a result of declines in the price of oil on the global market.
Also Read: The prices of petroleum products were increased.
