Islamabad: The federal government is preparing to announce revised petrol and diesel prices for the latter half of March 2024, with expectations of a significant decrease.
According to a private news channel, the government is ready to reduce the price of petrol by Rs5, bringing it down to Rs274.61 per litre, while diesel may see a reduction of Rs4.81, settling at Rs283.12 per litre. These adjustments are anticipated to take effect from March 16, 2024.
The potential decline in petroleum prices follows a downward trend in the international market, where Brent crude futures dropped by 0.4% to $81.82 per barrel, indicating a positive outlook for consumers in Pakistan.
As of now, petrol is priced at Rs279.62 per litre, with high-speed diesel at Rs287.33. If the reported reductions come into effect, Pakistanis can expect relief at the fuel pumps, with petrol costing Rs274.61 per litre and diesel priced at Rs283.12 per litre.
Read more: Petrol price increases in Pakistan
This expected adjustment in fuel prices reflects the government’s commitment to easing the financial strain on citizens amid fluctuations in the global market. Stay tuned for the official announcement on March 15 night, as Pakistan awaits confirmation of these anticipated revisions in petrol and diesel prices.
ISLAMABAD (Rizwan Abassi): Pakistan’s recent trade policy has gained significance amid reports that the United…
ISLAMABAD: Important legislation may be considered in the negotiations between the Pakistan People's Party (PPP)…
ISLAMABAD: If you are thinking of applying for a UK visa from Pakistan and are…
LAHORE: The Drugs Control of Punjab declared a Class-I alert after the lab tests confirmed…
KARACHI: The government has decided to include unmarried women above the age of 35 in…
ISLAMABAD: The Pakistan Institute of Development Economics (PIED) has recommended setting the minimum monthly wage…