Federal authorities are set to review petrol and diesel prices in line with global trends in the upcoming fortnightly assessment on February 15. With escalating tensions in the Middle East, international oil prices have surged, potentially leading to a hike in petroleum rates in Pakistan.
Following the February 8 elections, the Election Commission of Pakistan (ECP) has released provisional results, showing PTI-backed candidates leading in National Assembly constituencies, trailed by PML-N and PPP.
The formation of national and provincial governments will commence after the official result announcement.
As the caretaker government navigates the transition, the expectation looms for revised petroleum prices for the latter half of February 2024. It’s anticipated that, amidst the governmental transition, adjustments in fuel costs will be announced.
Expected Petrol and Diesel prices in Pakistan
In response to global oil market dynamics, an increase in petrol and diesel prices is expected from February 16 onwards. However, the interim administration might maintain the status quo, deferring decisions to the incoming government.
Current Petrol and Diesel prices in Pakistan
Presently, petrol is priced at Rs 272.89 per liter, while diesel stands at Rs 276.21 per liter. As Pakistan braces for political and economic shifts, the trajectory of fuel prices remains subject to international and domestic developments.
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