Govt Unlikely to Share Any Good News on Petrol Price Tomorrow

Govt Unlikely to Share Any Good News on Petrol Price Tomorrow. It is anticipated that the federal government will maintain petroleum prices at the current levels during the holy month of Ramadan.

Despite challenges in the business environment, the exchange rate has been showing a gradual improvement. Similarly, international oil prices have remained relatively stable. As a result, there is a strong likelihood that fuel prices will remain unchanged.

Petrol Price in Pakistan March 2024

Brent crude, the leading oil benchmark, has maintained stability at approximately $81 per barrel throughout this month. Meanwhile, weekly inflation has surged close to 34 percent.

Although the possibility of no change in petroleum prices exists, a slight increase cannot be completely disregarded. Govt Unlikely to Share Any Good News on Petrol Price Tomorrow, There might be an upward adjustment of up to Rs. 1.07 per litre for Motor Spirit (MS) petrol, reaching Rs. 280.8, primarily due to a higher premium of $12.1 per barrel compared to the preceding fortnight.

Today | news about petrol in pakistan

On the other hand, there might be a decrease in the price of High-Speed Diesel (HSD) to Rs. 286.5 per litre, representing a slight decline from the previous fortnight. The premium on HSD remains unchanged compared to February 29.

Additionally, Kerosene oil could see a decrease to Rs. 189.07 per liter, while Light Diesel oil may drop to Rs. 168.71 per liter.

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It is important to note that during the last fortnightly review of petroleum prices on February 29, the price of petrol was raised by Rs. 4.13 per liter, while the price of high-speed diesel remained unchanged at Rs. 287.3.