Petrol, diesel likely to cross Rs300 mark for first time in country’s history

The Oil and Gas Regulatory Authority (Ogra) is likely to recommend a hike in petroleum products prices in Pakistan due to an increase in global oil rates and depreciation of the rupee against the US dollar, with petrol expected to increase by Rs12 per litre and diesel by Rs14.83 per litre from September 1, 2023, leading to concerns of further inflation in the country.

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8/25/2023

PKR vs USD: Massive increase in petroleum prices expected in next fortnight review

The fall in the value of the Pakistani rupee against the US dollar is expected to cause a surge in inflation, with petrol and diesel prices projected to increase by over Rs13 per litre due to the exchange rate, potentially reaching double digits if the dollar continues to appreciate. Additionally, the rise in dollar value will also lead to further increases in electricity tariffs, making the lives of citizens more difficult.

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.

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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.

9/17/2023

Inflationary Pressures Mount as Pakistan Raises Fuel Prices Again

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9/19/2023

Soaring oil prices hit $95 a barrel, intensifying UK cost of living crisis

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Posted 8/29/2023, 3:53:00 AM

Petrol, diesel likely to cross Rs300 mark for first time in country’s history

geo.tv

Relevant topic timeline:

8/25/2023

PKR vs USD: Massive increase in petroleum prices expected in next fortnight review

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.

9/1/2023

Consumers punished with more hikes in sugar, pulses rates

Hoarding, smuggling, and rupee depreciation have led to further price increases in sugar, pulses, and ghee/cooking oil in Karachi, causing misery for consumers.

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.

9/17/2023

Inflationary Pressures Mount as Pakistan Raises Fuel Prices Again

The unprecedented increase in fuel prices in Pakistan is expected to cause a significant rise in inflation, with the Consumer Price Index projected to reach as high as 30% to 32% in September 2023.

9/19/2023

Soaring oil prices hit $95 a barrel, intensifying UK cost of living crisis