Petrol Price Increased by Rs. 3.47 Per Litre in Pakistan
Fuel prices in Pakistan updated: Petrol up by Rs. 3.72, diesel by Rs. 3.29, while kerosene and light diesel see slight drops. Impacting costs nationwide.
The Ministry of Finance has announced changes to fuel prices in Pakistan, effective January 16, 2025. Petrol and diesel prices have gone up, while kerosene oil and light diesel oil have slightly decreased.
Key Changes
- Petrol: The price of petrol has increased by Rs. 3.72 per litre, now costing Rs. 252.10. This affects people using cars and motorcycles.
- High-Speed Diesel: Diesel has gone up by Rs. 3.29 per litre, now priced at Rs. 258.43. Diesel is important for trucks, buses, and farming equipment.
- Kerosene Oil: The price of kerosene has decreased slightly by Rs. 0.62 per litre, now costing Rs. 164.98. It is mainly used in rural areas for cooking and heating.
- Light Diesel Oil: Light diesel oil has dropped by Rs. 0.48 per litre, now priced at Rs. 151.73.
Reasons for the Price Changes
The government says the new prices follow global oil market trends. International oil prices, taxes, and distribution costs all affect the final fuel prices in Pakistan.
How It Affects People
The increase in petrol and diesel prices will make life harder for many people:
- Transport Costs: Higher diesel prices will increase the cost of goods transportation, making essential items like food more expensive.
- Daily Travel: People using motorcycles and cars will spend more on petrol, adding pressure to their budgets.
On the other hand, the small decreases in kerosene and light diesel oil prices provide minimal relief, especially in rural areas.
Conclusion
These fuel price changes come at a time when many Pakistanis are already struggling with high inflation. While the government says the changes are necessary, they are expected to add to the financial burden of households and businesses. For now, people will have to manage with higher costs, hoping for better news in the next price review.
