Latest Petrol Prices In Pakistan from 16 February 2024

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As of February 16, 2024, the price of petrol in Pakistan has been set at 275.62 rupees per liter, while diesel is priced at 287.33 rupees per liter. This adjustment comes as the government has decided to raise petrol prices by 2.73 rupees and diesel prices by 8.37 rupees. These new prices will remain effective until the end of February 2024.

Latest Petrol Prices In Pakistan from 16 February 2024

Reports suggest that there might be further changes in fuel prices during the first half of February. It’s anticipated that petrol and kerosene prices could decrease by 8 rupees per liter, while diesel and light diesel might see an increase of 1.50 to 2 rupees per liter during this period. These expected adjustments have been detailed in official reports.

The possibility of lower petroleum prices emerged due to the consistent decrease in crude oil prices globally and a decline in the exchange rates for the dollar. However, the actualization of these reduced prices is expected to occur from February 1, 2024.

Latest Petrol Prices in Pakistan 16 February 2024

POLsPrice
Petrol275.62
Diesel287.33
Increased by8.37 rupees per litre

Looking ahead, there is anticipation surrounding the upcoming fortnightly review in Pakistan, particularly regarding petrol prices for the remainder of 2024. Many citizens, grappling with inflation, are hopeful for a reduction in petrol and diesel prices, which have been persistently high, surpassing 260 rupees per liter for an extended period. Nevertheless, recent updates suggest that a significant double-digit reduction in petrol prices during the next review is unlikely.

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Latest Petrol Prices In Pakistan from 16 February 2024

In summary, as of February 16, 2024, petrol in Pakistan costs 275.62 rupees per liter, while diesel is priced at 287.33 rupees per liter. These prices have increased by 2.73 rupees and 8.37 rupees per liter, respectively. The new prices will be effective until the end of the month.