In a statement released on Wednesday, the caretaker government disclosed an adjustment in the pricing of petrol and diesel, elevating their rates to Rs272.89 and Rs278.96 per litre, respectively.
The revised figures indicate an increment of Rs13.55 per litre for petrol and Rs2.75 per litre for high-speed diesel (HSD).
The updated prices are slated to come into effect on February 1, 2024. Prior speculation by Business Recorder suggested a potential surge in petrol prices ranging from Rs8 to Rs11 per litre and an increase of Rs2 to Rs7 per litre for HSD.
This decision follows the government’s recent review, during which a notable reduction of Rs 8 per litre was declared for petrol while the HSD rate remained unaltered.
The move has garnered attention and stirred discussions within various sectors.
