ISLAMABAD – Pakistanis are set to face increase in petrol and diesel rates from the second half of October 2024 amid a significant increase in international oil prices.
Sources familiar with development said petrol prices are expected to increase by Rs5.5 – 6 per liter while diesel prices may climb by Rs12-13 per liter, after back-to-back reliefs.
Last week, the global oil prices moved up by 7percent to US$81 per barrel amid unrest in Middle East. Crude prices are still 10 percent lower than they were a year ago.
IF the government made similar changes, petrol price will hit around Rs253 per liter, and HSD prices are projected to reach Rs260 per liter.
Current petrol rates
| Product | Price |
|---|---|
| Super | 247.03 |
| Diesel | 246.29 |
People are desperately looking at the fortnight review as the government planned to make changes. On the ther hand, Pakistani currency remained stable in range of 277-278 in recent times, while import premiums for petrol and diesel have stayed consistent at $8.7 and $5 per barrel, respectively.
Pakistan announces new Petrol price today for September; Check expected rates here
