Petrol price expected to increase in Pakistan as sources close to the government hint at significant adjustments to fuel prices in the first half of April. These changes, subject to approval, could significantly impact the cost of petrol, diesel, and kerosene oil.
Currently, petrol sits at Rs 272.75 per litre. However, the proposed revisions could see this number jump to Rs 289.69 per litre. Petrol price expected to increase by Rs 9.94 per litre is a substantial change for consumers. The prices of HSD, kerosene oil, and LDO are also expected to shift under the proposed plan.
Several factors influence these adjustments, including global oil prices, currency exchange rates, and the financial health of the energy sector. The government must carefully consider these factors as fuel prices directly affect inflation, transportation costs, and overall economic stability.
An announcement regarding the new fuel prices is expected later on Sunday from the Minister of Finance, Revenue, and Economic Affairs, following approval from Prime Minister Shehbaz Sharif. This transparent approach ensures the public is kept informed about critical economic decisions.
The proposed adjustments in fuel prices highlight the delicate balancing act between economic policy, energy sustainability, and public well-being. While consumers may face a rise in costs, these changes might be necessary to maintain stability within the energy sector and ensure Pakistan’s long-term economic strength.
