Expected petrol price in Pakistan from March 1, 2024

Expected petrol price in Pakistan from March 1 2024- In light of global oil price trends, it is anticipated that petrol prices in Pakistan will rise starting from March 1st. Following electricity, there are plans to increase the prices of petroleum products as well. Preparations have been made to implement these changes, with a suggested hike of Rs 3.44 per liter for petrol. This would result in an increase in the ex-refinery price from Rs 192.17 per liter to Rs 195.61 per liter.

Expected petrol price in Pakistan from March 1, 2024

Petrol Price in Pakistan Feb 2024

It is expected that petrol may become costlier by Rs 4.50 per liter, while diesel may see an increase of Rs 2.50 per liter. Expected petrol price in Pakistan from March 1 2024. Similarly, the price of kerosene may rise by Rs 2.92 per liter. However, the price of light diesel oil is expected to remain unchanged.

Petrol Price in Pakistan

Petroleum products Current Price Expected Price
Petrol PKR 275.62 PKR 268.70
Diesel PKR 287.33 PKR 279.50

Petrol prices likely go up from March 1

Furthermore, there is a proposal to potentially raise the price of diesel by Rs 1 per liter, bringing the ex-refinery price from Rs 206.75 per liter to Rs 207.75 per liter. Similarly, kerosene prices might also increase by Rs 1 per liter, with the ex-refinery price potentially rising from Rs 177.70 per liter to Rs 178.52 per liter.

Petrol price in Pakistan jacked up by Rs2.73 per litre

The current price of crude oil in the Brent oil market is $82.52 per barrel. The Oil and Gas Regulatory Authority (OGRA) is set to send a summary of petroleum product prices to the Ministry of Petroleum on February 29.Expected petrol price in Pakistan from March 1 2024. Subsequently, the Finance Minister will announce the prices after consultation with the Prime Minister. These adjusted prices will be applicable from March 1st to March 15th.

Petrol Price in Pakistan Today

It’s important to note that these proposed changes are subject to final decision by the Ministry of Finance. Various factors, including global market trends, revenue requirements, and potential impacts on consumers, will be taken into consideration before a final decision is made.

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Given the fluidity of the situation, customers should stay informed about potential changes in fuel prices in the coming days. The administration is closely monitoring the situation and taking necessary actions to address challenges arising from regional uncertainty.

Waqas Anjumhttps://pakistanalerts.pk
I am a Pakistani blogger, I love to write educational articles. my goal is to help my Pakistani students.

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