The federal government announced a Rs9.66 per litre increase in the price of petrol for the next fortnight, citing a surge in international crude prices.
Conversely, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre. These adjustments will take effect from April 1, as stated by the Finance Division.
According to the statement released, the hike in petrol prices reflects the recent uptick in international market rates, while HSD prices have seen a slight decline.
The government reiterated its policy of aligning domestic prices with fluctuations in the global market, emphasizing its commitment to passing on these variations to consumers. This move marks another reduction in the consumer price of HSD, following a downward revision in mid-March 2024.
Conversely, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre. These adjustments will take effect from April 1, as stated by the Finance Division.
According to the statement released, the hike in petrol prices reflects the recent uptick in international market rates, while HSD prices have seen a slight decline.
The government reiterated its policy of aligning domestic prices with fluctuations in the global market, emphasizing its commitment to passing on these variations to consumers. This move marks another reduction in the consumer price of HSD, following a downward revision in mid-March 2024.