Govt increases petrol price by Rs2.29, high-speed diesel by Rs1.11
On September 3, the government of Pakistan raised the price of petrol by Rs2.29 per litre and high-speed diesel (HSD) by Rs1.11 per litre. The new petrol price is set at Rs346.16 per litre, while HSD will cost Rs372.03 per litre. This price revision followed a similar increase of Rs1.08 per litre for petrol and 51 paisas per litre for HSD on September 2.
The government's pricing mechanism was updated on July 17 to review and notify petroleum product prices daily, a change prompted by volatile global oil markets due to ongoing tensions between the United States and Iran. Pakistan's economy, heavily reliant on petroleum imports, faces significant risks from fluctuations in global crude oil prices, pushing up the import bill, straining foreign exchange reserves, and contributing to inflation.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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