Government raises petrol price by Rs6.88, HSD by Rs5.62 for Sep 17
Petrol will cost Rs391.22 per litre and HSD Rs421.45 per litre under daily pricing mechanism
On September 17, the federal government announced a hike in the prices of petrol and high-speed diesel (HSD). According to the Petroleum Division, petrol will now cost Rs391.22 per litre, an increase of Rs6.88 from the previous rate. HSD will rise to Rs421.45 per litre, a Rs5.62 increase. This is the third consecutive day of price hikes; the previous increases were Rs4.10 for petrol and Rs6.41 for HSD on September 16.
The government has introduced a new daily pricing mechanism, replacing the previous weekly mechanism, amid global oil market volatility caused by tensions between the US and Iran. Prime Minister Shehbaz Sharif announced a relief scheme offering a Rs100 discount per litre on petrol for motorcycles, three-wheeler rickshaws, and cars up to 800cc engine. An estimated 11.8 million beneficiaries would receive the relief, with small vehicle owners potentially receiving up to Rs2,000 per month in benefits.
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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