Petrol Prices Increased in Pakistan on 16 July, 2024

• The government has increased petrol prices in Pakistan.
• Petrol price is now Rs 275.60 per litre after a Rs 9.99 hike.
• The price hike is expected to raise the cost of goods and services.

Islamabad: The government has announced another increase in the prices of petroleum products, intensifying the financial strain on the public amid rising inflation.

A newly issued notification reveals that the price of petrol has been raised by Rs 9.99 per litre, bringing the new cost to Rs 275.60 per litre. High-speed diesel has also seen a significant increase, with a rise of Rs 6.18 per litre, setting the new price at Rs 283.63 per litre. Additionally, the price of kerosene has been increased by Rs 0.83 per litre.

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This hike in petroleum prices is expected to have a ripple effect on the cost of goods and services, further straining household budgets and impacting economic stability.