Islamabad: The federal government is expected to raise petrol prices by Rs1.24 per litre and diesel by Rs4.49 per litre, effective tonight for the next two weeks. The hike comes as a result of rising global petroleum product prices, mainly due to disruptions in shipping routes.
The international price increase is driven by disruptions in the Red Sea and the Suez Canal, which have caused a rise in the cost of US and African crude oil grades. According to sources, these global factors have directly impacted local pricing decisions.
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New Petrol and Diesel Prices
According to industrial and official estimates, the price of petrol is likely to rise tonight to Rs257.37 per litre, an increase of Rs1.24 from the current price of Rs256.13. Diesel, on the other hand, is expected to be priced at Rs265.44 per litre, reflecting an increase of Rs4.49 per litre.
In addition to petrol and diesel, kerosene oil is anticipated to rise by Rs5.93 per litre, while Light Diesel Oil (LDO) may increase by Rs5.05 per litre.
This anticipated hike follows a recent increase on January 15, when the government raised petrol prices by Rs3.47 per litre. At the time, high-speed diesel (HSD) prices also saw an increase, rising from Rs258.34 to Rs260.95 per litre.
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