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Tag: new expected petrol price in pakistan

expected petrol and diesel price in pakistan

Expected Petrol and Diesel Price In April 2024 in Pakistan

The details of the expected increase in petrol price from April 1 have come out. After the approval of the Prime Minister of Pakistan Shahbaz Sharif, the new prices of petroleum products will be announced on the night of March 31, 2024.

According to media reports, on the one hand, oil has become expensive in the global market, on the other hand, the IMF’s demand for increase in GST and petroleum levy may lead to a sharp increase in the prices of petroleum products.

Expected Petrol Price In Pakistan in April 2024

It has been reported that the effect of the increase in oil prices in the global market has only reached the consumers, then there is a possibility of an increase in the price of petrol by 9.50 rupees from April 1. After this potential increase, the new price will increase from Rs 279.75 to Rs 289.25. While the price of diesel is likely to reach Rs 285.56 with an increase of Rs 0.86.

Item Name Current Price Expected Price Increase
Petrol Rs 279.75 Rs 289.25 Rs 9.50
Diesel Rs 285.56 Rs 286.42 Rs 0.86

There are reports that the government plans to increase the petroleum levy from Rs 60 to Rs 100, thus the price of petrol and diesel may increase by Rs 40 due to the petroleum levy.

آئی ایم ایف نے بجلی کی قیمتوں میں کمی کی تجویز دے دی

On the other hand, on the demand of IMF, the government imposes 18% GST on petroleum products, then the price of petrol and diesel is likely to increase by Rs.50.

petrol price

Expected Petrol Prices in Pakistan from January 1, 2024

Expected Petrol Prices in Pakistan

Unlike the global market, petrol is likely to be cheaper in Pakistan. The new prices of petroleum products will be implemented from 1st January, the question in everyone’s mind is what will be the expected petrol prices in Pakistan from 1st January 2024?

The government of Pakistan is ready to give more relief to petroleum consumers. The price of petrol is likely to decrease by Rs 1.72 per litre. However, the price of High Speed Diesel (HSD) is expected to increase marginally by around Rs 1 per liter due to a slight increase in international diesel prices.

Product Current Price Expected Price
MS Petrol Rs. 267.34 Rs. 265.62
Hi-Speed Diesel Rs. 277.21 Rs. 277.21

According to the report, under the influence of the global market, the new price of petrol in Pakistan is Rs 265.62 per liter, while the price of diesel is likely to be Rs 277.21 per liter after the expected increase.

According to the data, the prices in the global market have not gone to the old level and the rupee is also stable, so a slight decrease in the price of petrol is expected. The new prices of petroleum products will be applicable from January 1, which will be officially announced on Sunday, December 31 after 11 pm.

It should be noted that the expected decrease in the price of petrol is the result of a slight decrease in the prices of international petroleum products since the review of the last 15 days. Brent plunged before pricing on December 15, which has since recovered. But it’s still below $80. Brent was at $85 at the end of November and has since fallen. So the government made petrol 14 rupees cheaper.