The Government of Pakistan has announced that fuel prices, including petrol and diesel, will remain unchanged for the next fortnight starting November 16, 2024. This decision follows a prior increase during the last fortnight. Here’s an overview of the current rates:
- Petrol: The price remains at PKR 248.38 per liter, following a previous rise of PKR 1.35 per liter.
- High-Speed Diesel (HSD): Unchanged at PKR 255.14 per liter, after an increase of PKR 3.85 earlier.
- Kerosene Oil: Price holds steady at PKR 161.54 per liter, after a reduction of PKR 1.48 last month.
- Light Diesel Oil (LDO): Remains at PKR 147.51 per liter, following a cut of PKR 2.61.
The Oil and Gas Regulatory Authority (OGRA) determines prices based on global crude oil trends. The decision to keep these prices stable provides some predictability for consumers, especially amid inflationary pressures impacting transportation and household budgets. However, increases in past months have already strained middle- and lower-income groups, who rely heavily on petrol for personal and public transport
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