Petrol and diesel prices in Pakistan are likely to increase this week due to a surge in international oil prices and higher import costs.<\/p>\n
The government of Pakistan is anticipated to announce an increase of Rs. 4 per liter for petrol and Rs. 5 per liter for diesel on November 15, 2024.<\/p>\n
This projected increase is attributed to recent shifts in global oil markets, where petrol prices rose by $1.7 per barrel and diesel saw a steeper hike of $4.4 per barrel.<\/p>\n
Despite these changes, the Pakistani rupee has remained relatively stable at around 277 against the dollar, minimizing further currency-driven inflationary pressures.<\/p>\n
With these adjustments, the price of high-speed diesel (HSD) is expected to reach approximately Rs. 260-261 per liter, while petrol prices may range between Rs. 252-253 per liter.<\/p>\n
In the previous adjustment, the government had raised petrol prices by Rs. 1.35 per liter, setting it at Rs. 248.38, and diesel saw a Rs. 3.85 increase, bringing it to Rs. 255.14 per liter.<\/p>\n
Experts caution that further hikes in international oil prices could lead to continued increases in fuel costs domestically, impacting transport and goods prices across Pakistan.<\/p>\n
With winter approaching and energy demands shifting, any sustained rise in fuel prices could place additional economic pressure on consumers and businesses alike.<\/p>\n","protected":false},"excerpt":{"rendered":"
Petrol and diesel prices in Pakistan are likely to increase this week due to a surge in international oil prices and higher import costs. The government of Pakistan is anticipated to announce an increase of Rs. 4 per liter for petrol and Rs. 5 per liter for diesel on November 15, 2024. This projected increase …<\/p>\n","protected":false},"author":5,"featured_media":2145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,94],"tags":[],"class_list":["post-2144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan"],"_links":{"self":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/2144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/comments?post=2144"}],"version-history":[{"count":1,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/2144\/revisions"}],"predecessor-version":[{"id":2146,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/posts\/2144\/revisions\/2146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/media\/2145"}],"wp:attachment":[{"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/media?parent=2144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/categories?post=2144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peakpoint.pk\/en\/wp-json\/wp\/v2\/tags?post=2144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}