ISLAMABAD: Another blow to inflation-hit masses as the prices of petrol and diesel in Pakistan are poised to witness an upward trajectory from April 16, 2024.
The surge comes on the heels of a relentless uptick in global oil rates and the government’s strategic decision to escalate levies on petroleum products.
Sources privy to the matter suggested that citizens are expected to bear the brunt of this development, facing a fresh shock as petrol prices are anticipated to soar by over Rs 9 per litre.
Insiders suggested that petrol prices could surge by up to Rs 8 per litre, marking a significant hike from the current price of Rs 289.40 per litre to an expected Rs 298 per litre.
Furthermore, diesel prices are also poised to ascend, with an estimated increase of around Rs 2 per litre. This adjustment would propel the diesel rate to approximately Rs 284.24 per litre, up from its current standing of Rs 282 per litre.
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