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Petrol price increased massively from Feb 1

ISLAMABAD (PEN) : The interim government has increased the petrol price by Rs 13.55 per litre with effect from February 1, 2024.

According to a notification issued on Wednesday, the price of petrol has surged by Rs 13.55 per liter, reaching Rs 272.89 per liter. Additionally, diesel prices have risen by Rs 2.75 per liter, now standing at Rs 278.96 per liter. Conversely, the price of kerosene has seen a slight decrease of 24 paisa per liter.

The new price of light diesel oil has been set at Rs 166.86 per liter after an increase of Rs 2.3 per liter.

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Prior to this, the Oil and Gas Regulatory Authority (OGRA) had announced an increase in LPG prices. As per the ongoing notification from OGRA, the price of LPG per kilogram has escalated by Rs 17, bringing it to Rs 257.60 per kilogram.

Following the adjustment, the new price for a domestic LPG cylinder will be Rs 3,400. These revised rates will be effective for the month of February 2024.

The approved price adjustments come amid fluctuating global oil prices and economic considerations. Consumers and businesses alike brace for the impact of these increases, which are expected to affect transportation costs and daily expenses.