1 month ago
Pakistan Adjusts Fuel Prices Amid Global Oil Fluctuations
The Pakistan government has changed the prices of diesel and petrol.
Diesel became more expensive by PKR 5.71 per litre, while petrol became cheaper by 35 paisa per litre.
This change is because of the ups and downs in global oil prices.
The government will now set fuel prices every day based on a seven-day average of global prices.
This decision has led to increases in public transport fares and freight charges.
Transport operators are worried about the frequent changes in fuel prices, as it affects their business and the fares they charge.
The government believes this new system is fair and transparent.
Pakistan government increased diesel price by PKR 5.71 per litre and reduced petrol price by 35 paisa per litre.
New diesel price is PKR 360.06 per litre, and new petrol price is PKR 315.8 per litre.
Fuel prices will be fixed daily based on a seven-day weekly average of global market prices.
Public transport fares and freight charges have increased due to the fuel price adjustments.
Transport operators have expressed concerns about the frequent revisions in fuel prices.
- Who
- Pakistan federal government
- What
- Adjusted fuel prices and implemented daily pricing policy
- Where
- Pakistan
- When
- Tuesday
- Why
- To align with international oil price fluctuations due to renewed tensions in West Asia
Government's Daily Pricing Policy
Public Transport Operators' Concerns
Price Adjustment Frequency
Government's Daily Pricing Policy
The government implements daily price adjustments to align with international oil price fluctuations, ensuring transparency and passing on the impact to consumers.
Public Transport Operators' Concerns
Public transport operators argue that frequent revisions in fuel prices disrupt their operations and lead to unpredictable fare adjustments.
Impact on Transport Fares
Government's Daily Pricing Policy
The government believes that daily pricing allows for more accurate and fair adjustments in fuel prices, which indirectly affects transport fares.
Public Transport Operators' Concerns
Transport operators claim that the frequent changes in fuel prices force them to increase fares, which burdens the public and affects their business stability.
Key facts
- New Diesel Price
- PKR 360.06 per litre
- New Petrol Price
- PKR 315.8 per litre
- Price Adjustment Basis
- Seven-day weekly average of global market prices
- Public Transport Fare Increase
- 15 to 20 per cent
- Freight Charge Increase
- 20 per cent
- Minimum Stop-to-Stop Fare
- PKR 60
- Freight Charge for Karachi-Peshawar
- PKR 800,000






