Petrol prices likely to increase in Pakistan from October 1

ISLAMABAD – The government of Pakistan is expected to jack up petrol, and diesel rates from October 2024, despite earlier indications of a price cut.

Sources familiar with development revealed that petrol may increase by 11 paisas per litre, while high-speed diesel could see a decrease of Rs2.11.

The official announcement will be made on Monday night, after final approval of Prime Minister Shehbaz Sharif. This news comes on the heels of previous reports suggesting a significant reduction in fuel prices, fueled by a downward trend in inflation.

In most recent price review, petrol was reduced by Rs10, and the new price was set at Rs249.10 per litre, while high-speed diesel was cut by Rs13.06, bringing it to Rs249.69.

Latest Petrol Price in Pakistan

•            Petrol: Rs249.10

•            High-Speed Diesel: Rs249.69

Additionally, light diesel oil prices fell by Rs12.12 to Rs141.93, and kerosene oil was reduced by Rs11.15, now priced at Rs158.47, according to a recent notification from the Finance Division.

As the government prepares to announce these changes, consumers will be watching closely for updates on fuel costs.