Govt raises petrol price by Rs1.54 per litre, high-speed diesel rate by Rs2.16
The government on Monday increased the price of petrol by Rs1.54 per litre and that of high-speed diesel (HSD) by Rs2.16. Following the revision, petrol will retail at Rs379.25 per litre, while HSD will cost Rs395.82 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new…
The Pakistani government has announced a significant hike in fuel prices, with petrol increasing by Rs1.54 per litre and high-speed diesel by Rs2.16 per litre. These changes, effective from October 27, bring the retail prices of petrol to Rs379.25 per litre and HSD to Rs395.82 per litre. The increase comes amid ongoing geopolitical tensions in the Middle East, which have driven up global oil prices.
In response, the government has also introduced austerity measures, including reduced market hours and a 50% cut in fuel allocations for official vehicles for three months. The Petroleum Minister, Ali Pervaiz Malik, stated that fuel prices will now be fixed daily based on international market trends, replacing the previous weekly revisions.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
