The Federal Government of Pakistan has announced an increase in petrol and diesel prices. According to a notification issued late on December 31, the price of petrol has been raised by 56 paise per litre. The new price of petrol has been set at Rs252.66 per litre.
Similarly, the price of high-speed diesel has been increased by Rs2.96 per litre. The new price for high-speed diesel is now Rs258.34 per litre. These changes come as part of regular adjustments in fuel prices, influenced by international market trends and local economic conditions.
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The government of Pakistan on December 15 announced new petrol and diesel prices. As per details, petrol prices remain stable at Rs252.10 per litre. High-speed diesel prices have decreased by Rs3.05 per litre, with the new price set at Rs255.38 per litre.
In addition, the price of kerosene has decreased by Rs3.32 per litre, with the new price set at Rs161.66 per litre. Light diesel oil prices have also decreased by Rs2.78 per litre, with the new price set at Rs148.95 per litre. The Ministry of Finance has issued a notification regarding the new prices, which will come into effect at 12 am tonight.
According to sources, the price of high-speed diesel has increased by Rs12.14 per litre since October 16. The price of petrol was risen by Rs5.07 per litre during the same period. The government could have reduced the levy to prevent the price hike, but the IMF program restrictions prevented it, sources revealed.
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