ISLAMABAD – Pakistan’s federal government slashed the price of diesel and maintained petrol for the second half of March 2024.
The premium on petrol import saw surge last month but there was no major changes in international oil prices, and exchange rates. In light of the above-mentioned factors, petrol prices were supposed to move up while diesel price could be lowered by less than Rs1 per litre.
It said the government had a cushion to maintain both prices through exchange rate and inland freight equalisation margin (IFEM) adjustments of two projects. The prices of kerosene and light diesel oil are also expected to remain stable.
Pakistan increases petrol price for March 2024; Check new rates here