Petrol price increased by another Rs 2.84, new rate at Rs 351.84
At a glance
- Petrol price now stands at Rs 351.84 per litre after a Rs 2.84 increase.
- High-speed diesel remains at Rs 374.31 per litre.
- The government adjusts fuel prices daily based on international markets.
Story so far
The federal government has been implementing a policy of daily fuel price revisions since July 17 to align with international market rates. On Friday, September 4, the price of petrol was increased multiple times, reaching Rs 351.84 per litre, while high-speed diesel stood at Rs 374.31. The series of hikes has drawn criticism from political parties like the Pasban Democratic Party, who argue that rising fuel costs are fueling inflation and causing hardship for the public. The government maintains that the adjustments are necessary due to global oil price movements, with reports indicating that taxes and levies constitute a significant portion of the retail price.
Latest development
The government increased the price of petrol by Rs 2.84 per litre on Friday, September 4, setting the new rate at Rs 351.84.
Latest updates
The price of petrol was increased by a further Rs 2.84 per litre on Friday, September 4, bringing the new rate to Rs 351.84.
This marks another rise under the government's daily price revision policy, which adjusts fuel rates based on international market fluctuations.
The Pasban Democratic Party (PDP) has criticised the recent increases in fuel prices, with vice chairman Rafiq Khaskheli terming the move an "economic bomb on the people."
In a statement, Khaskheli said the government is increasing public problems instead of providing relief. He argued that any rise in petroleum product prices triggers a new wave of inflation, affecting transport, electricity, and daily use items.
The PDP leader called for a review of taxes on petroleum products and suggested that reducing the privileges of the "privileged classes" could provide real relief to the common person.
The latest increase is the fourth this week, adding to pressure on household budgets. According to details of the daily price changes, petrol has increased by a total of Rs 7.00 per litre since September 1.
The price adjustments are linked to movements in the international oil market, where prices have faced renewed pressure due to geopolitical tensions in the Middle East. On Thursday, Brent crude was trading around $97.29 per barrel, while US West Texas Intermediate (WTI) stood near $93.04 per barrel.
Sources and updates
PDP slams increase in petrol, diesel prices
KARACHI: Pasban Democratic Party (PDP) vice chairman Rafiq Khaskheli has termed the increase in petrol prices for the third consecutive day and diesel prices for the second consecutive day as another economic bomb on the people. He said that instead
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Petrol price up Rs2.84, diesel raised by Rs2.28 per litre
The federal government increased the price of petrol by Rs2.84 per litre and High-Speed Diesel (HSD) by Rs2.28 per litre, effective from Friday, September 4. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil a
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