Government Increases Petrol and Diesel Prices Due to Rising International Oil Costs, Further Hikes Expected

Govt hikes petrol price by Rs26, HSD by Rs17
Increase brings petrol price to Rs331.38/L, HSD to Rs329.18/L
Decision taken due to increasing petroleum prices internationally
No change specified for kerosene or light diesel oil
Second major fuel price hike by interim govt in September
Prices hiked based on existing tax rates and import parity prices
Further increases of Rs10-16/L expected in coming fortnight
Transport sector heavily impacted as most runs on diesel
Price hikes add to already high August inflation rate

dawn.com

Relevant topic timeline:

8/28/2023

Rising diesel prices a 'hidden tax' on consumers as energy stokes inflation worries

Diesel prices in the US have reached their highest levels since March and are expected to continue rising due to refinery disruptions and increased demand during the fall agricultural harvest season and winter heating months, posing challenges for retailers and putting upward pressure on prices.

8/31/2023

Caretakers jack up petrol price by over Rs14 to take it past 300-mark

The caretaker government of Pakistan has increased petrol and diesel prices by over Rs14 due to the rising trend of petroleum prices in the international market and exchange rate variations.

9/16/2023

Pakistan Expands Nuclear Arsenal Despite Economic Crisis and 27% Inflation

The caretaker government of Pakistan has raised petrol and diesel prices to record levels, leading to a surge in inflation and impacting the prices of essential commodities, while the country continues to invest in and expand its nuclear weapons program.

9/16/2023

Pakistan Announces Steep Fuel Price Hike, Crossing Rs. 330 per Liter Mark for Petrol amid Economic Crisis

The caretaker government in Pakistan has announced a historic hike in petrol and diesel prices, with fuel costing over ₹330 per litre, further burdening the public already facing high inflation.

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Posted 9/15/2023, 7:02:56 PM

Government Increases Petrol and Diesel Prices Due to Rising International Oil Costs, Further Hikes Expected

Govt hikes petrol price by Rs26, HSD by Rs17
Increase brings petrol price to Rs331.38/L, HSD to Rs329.18/L
Decision taken due to increasing petroleum prices internationally
No change specified for kerosene or light diesel oil
Second major fuel price hike by interim govt in September
Prices hiked based on existing tax rates and import parity prices
Further increases of Rs10-16/L expected in coming fortnight
Transport sector heavily impacted as most runs on diesel
Price hikes add to already high August inflation rate

dawn.com

Relevant topic timeline:

8/28/2023

Rising diesel prices a 'hidden tax' on consumers as energy stokes inflation worries

8/31/2023

Caretakers jack up petrol price by over Rs14 to take it past 300-mark

The caretaker government of Pakistan has increased petrol and diesel prices by over Rs14 due to the rising trend of petroleum prices in the international market and exchange rate variations.

9/16/2023

Pakistan Expands Nuclear Arsenal Despite Economic Crisis and 27% Inflation

9/16/2023

Pakistan Announces Steep Fuel Price Hike, Crossing Rs. 330 per Liter Mark for Petrol amid Economic Crisis

The caretaker government in Pakistan has announced a historic hike in petrol and diesel prices, with fuel costing over ₹330 per litre, further burdening the public already facing high inflation.