There is a looming possibility of a substantial rise in petrol prices inPakistan starting February 1st, 2024, and this potential increase is linkedto the upward trajectory of global oil prices.
The upcoming biweekly review on January 31st is expected to unveil anoteworthy increase of Rs9 per litre in both petrol and diesel pricesacross the nation. This review is particularly significant as it precedesthe general elections scheduled for February 8th.
In the preceding biweekly review on January 15th, the Oil and GasRegulatory Authority (OGRA) announced a significant reduction of Rs8 perlitre in petrol prices. Simultaneously, the price of high-speed diesel inPakistan remained unchanged at Rs276.21 per litre.
As of now, the nationwide petrol price in Pakistan stands at Rs259.34 perlitre, but this figure is subject to change in the upcoming biweekly reviewscheduled for February 1st.
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If the speculated Rs9 per litre increase materializes on January 31st, thenew petrol price in the country will amount to Rs268.34 from February 1stto February 15th.