The Ministry of Finance has issued its latest notification on petroleum prices, bringing a mix of changes that affect the pockets of everyday consumers. Effective immediately, petrol prices have been increased by Rs 3.72 per litre, setting the new price at Rs 252.10 per litre for the next 15 days.
Breakdown of New Fuel Prices
- Petrol: Increased by Rs 3.72 per litre, now priced at Rs 252.10
- High-Speed Diesel: Increased by Rs 3.29 per litre, now Rs 258.43
- Kerosene Oil: Reduced by Rs 0.62 per litre, now Rs 164.98
- Light Diesel Oil: Reduced by Rs 0.48 per litre, now Rs 151.73
These changes align with international oil market trends, according to the Ministry of Finance, which stated that price adjustments are part of the government’s strategy to respond to global fluctuations.
Consumer Reactions Amid Inflation
The increase in petrol and diesel prices has sparked frustration among consumers, who are already grappling with inflation and rising costs of daily essentials. While the reduction in kerosene and light diesel oil prices offers slight relief, many argue it’s insufficient to offset the financial strain caused by the rising fuel prices.
What Lies Ahead?
The government hinted at further price adjustments in the coming weeks, which will depend on the global oil market and domestic economic conditions. Analysts predict that fluctuations in international oil prices and the value of the Pakistani Rupee will play a significant role in determining future fuel costs.
For consumers, this news serves as another reminder of the financial challenges they face, with transportation, food, and energy costs continuing to climb.
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