KARACHI – Amid surge in global oil market, Pakistani government on Wednesday jacked up prices of petrol and high-speed diesel from January 16, with per litre price of petrol set at Rs256.13.
As per notification from Finance Division, the price of petrol will climb by Rs3.47 and that of diesel by Rs2.61 per litre. The new petrol price will be Rs256.13 per litre, up from Rs252 and diesel Rs260.95.
New Petrol Price in Pakistan
| POLs | Price |
|---|---|
| Petrol | Rs256.13 |
| Diesel | Rs260.95 |
Earlier, reports claimed that Petrol, diesel, and kerosene prices are likely to climb up due to higher international oil prices. The increase follows global price hikes after US President-elect Donald Trump’s threats of sanctions on Russian oil exports.
The price hike is expected to impact the middle and lower-middle classes, with higher costs for transport and essential goods. The government applies various taxes and levies on these fuels, which will affect consumers further.
