Petrol price in Pakistan to go up by Rs8 per litre from Feb 1
KARACHI – The caretaker setup is set to increase petrol price for February 2024, amid surge in global oil rates.
Reports in local media said petrol price is expected to see Rs7.85 per litre and high-speed diesel (HSD) is likely to go up by Rs 2 to based on exchange rate adjustment for next two weeks.
The expected hike in petrol prices will be based on at exchange adjustment of Rs 2.75 per litre on petrol and Rs 4.50 per litre on HSD, per reports.
Meanwhile, the price of kerosene oil (kero) and light diesel oil (LDO) will also saw marginal increase.
The surge in petrol price is expected to be the first hike in petroleum products prices since November 2023, and it confused masses as it is coming just before general elections.
