Pakistan raises petrol price by Rs4.61 per litre, cuts diesel by Rs1.96 as global oil prices shift. New rates effective Tuesday.
Pakistan raised petrol prices by Rs4.61 per litre while reducing high-speed diesel by Rs1.96 per litre, effective Tuesday. Petrol will now retail at Rs393.75 per litre and diesel at Rs422.08, with the government maintaining taxes and duties at Rs114 per litre on petrol and Rs100 on diesel.
- ▪Petrol price climbed Rs4.61/litre to Rs393.75; diesel fell Rs1.96/litre to Rs422.08, both effective Sept 22
- ▪New revision follows daily pricing mechanism introduced in July based on international oil market fluctuations
- ▪Diesel has retreated from April peak of Rs520.35; petrol from April high of Rs458.41 as global tensions eased
- ▪Government maintains Rs114/litre tax on petrol, Rs100/litre on diesel despite international price shifts
- ▪Prime Minister announced relief scheme Sept 13: motorcycle/auto owners get Rs100/litre subsidy (20L monthly), vehicles up to 800cc get same on 30L monthly
- ▪Austerity measures remain: markets close by 9pm, official vehicle fuel allocations cut 50% for three months
- ▪Petrol price swings directly impact middle and lower-middle classes; diesel changes ripple through transport, power sectors
- ▪Prices tied to Middle East tensions: began rising Feb 28 when US-Iran hostilities resumed, fueling supply concerns
Source: according to local reports
COMMENTS