ISLAMABAD — In a recent announcement, the federal government kept petrol price same, while high-speed diesel price was jaced up by Rs5 per liter, bringing it to Rs251.29 per liter. Meanwhile, the price of super petrol remains unchanged at Rs247.03 per liter for the latter half of October 2024.
This adjustment reflects the government’s response to rising international market rates and changes in the profit margins of oil marketing companies (OMCs). The new prices come after a series of five consecutive reductions in fuel prices.
The decision follows recent increases in global oil prices, with petrol rising by approximately $2.80 and diesel by $7 per barrel. Currently, the average international price for petrol is around $79 per barrel, while diesel prices have surged to approximately $87.50.
Consumers and industry stakeholders are keeping a close eye on these changes, as they may impact transportation costs and overall economic conditions in the coming weeks.
