ISLAMABAD, FEB 1: The outgoing caretaker government has jacked up the petrol price by Rs13.55 per litre for the next fortnight, as recommended by the Oil and Gas Regulatory Authority (OGRA). Â
The latest price hike comes in light of ongoing tensions in Middle East as Israel continues to press war on Gaza. Updated POL prices go into effect from February 1 at midnight.
“Government of Pakistan has decided to bring changes in the current prices of petroleum products during the fortnight starting from 1st February 2024, as recommended by OGRA,” a statement issued by the Finance Division read.
| Products | Existing price | New price | Increase/Decrease |
| Petrol | Rs259.34 | Rs272.89 | +Rs13.55 |
| High Speed Diesel (HSD) | Rs276.21 | Rs278.96 | +Rs2.75 |
After the revision, the price of petrol now stands at Rs272.89 per litre, while the price of high-speed diesel stands at Rs278.96 per litre after a hike of Rs2.75 per litre.
Moreover, the price of kerosene oil has been decreased to Rs186.62 per litre after a hike of Rs0.24 and the price of light-speed diesel has been increased to 166.86 per litre after a hike of Rs2.03 per litre.
