ISLAMABAD (Dunya News) – The federal government on Sunday increased the petrol price by Rs9.66 per litre for the next fortnight.
After the latest hike, the new price of the petrol reached Rs289.41 per litre.
The price of high-speed diesel (HSD) has been slashed by Rs3.32 per litre to Rs282.24.
New Petroleum Prices from 1st April, 2024. pic.twitter.com/ykbcERGt2s
— Ministry of Finance, Government of Pakistan (@Financegovpk) March 31, 2024The government attributed the hike to the recent surge in global crude prices.
Effective from April 1, the Finance Division confirmed the implementation of these new fuel prices.
Explaining the rationale behind the adjustments, the Finance Division highlighted that while petrol prices have risen in the international market over the past fortnight, there has been a slight decline in the price of HSD.
A vast majority of people are already reeling under economic crunch and the latest uptick in the fuel prices will add to the burden just ahead of Eid.