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Pakistan Reduces Petrol Price by More Than PKR 6 Per Liter

admin-augaf by admin-augaf
August 1, 2024
in Business, News
Reading Time: 1 min read
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A view of PSO filing station in Pakistan

A view of PSO filing station in Pakistan

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ISLAMABAD July 31 2024: Due to a decline in international petrol and diesel prices, local prices in Pakistan have also dropped. Petrol prices have decreased by PKR 6.17 per liter, while High-Speed Diesel (HSD) prices have reduced by PKR 10.86 per liter.

This decrease is attributed to the downturn in international oil prices. Consequently, petrol now costs PKR 269.43 per liter, and HSD is priced at PKR 272.77 per liter.

These prices will be effective from August 1, 2024, to August 15, 2024.

Previously, on July 15, 2024, the government announced an increase of PKR 9.99 per liter for petrol and PKR 6.18 per liter for diesel.

Additionally, the Petroleum Development Levy (PDL) was increased from PKR 60 per liter to PKR 70 per liter, although it remained unchanged during the first month of FY25.

Tags: CommoditiesPetroleum Prices
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