Inflation-hit citizens in Pakistan may face another setback as the government, led by Prime Minister Shehbaz Sharif, is expected to increase
petrol and diesel prices from January 16, 2025.
The anticipated hike comes amid a surge in global crude oil prices, with reports suggesting an increase of Rs 3 to 5 per litre. Crude oil prices have recently reached a three-month high, with Brent crude futures rising by 0.35% to $77.32 per barrel, marking the third consecutive weekly increase. This trend is driven by fears of supply disruptions during winter and rising global energy demand. Experts attribute the price spike to concerns over supply issues rather than broader economic instability.
The Oil and Gas Regulatory Authority has proposed revised petroleum prices, which are under review by the Prime Minister and the Finance Division. If approved, the new rates will take effect on January 16.This expected increase follows the government’s recent adjustments. On January 1, petrol prices rose by Rs 0.56 to Rs 252.66 per litre, while high-speed diesel prices increased by Rs 2.96 to Rs 258.34 per litre.
The ongoing surge in global oil prices is putting pressure on the government to adjust local fuel prices in line with international market trends, further straining the economy and public finances.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Petrol and Diesel Prices to Change in Pakistan from December 16, 2024Pakistan is set to announce the updated petrol and diesel prices for the second half of December 2024. Sources reveal that while petrol prices are expected to rise slightly
مزید پڑھ »
Southeastern Brazil bus crash claims at least 22 livesAt least 22 people died early Saturday when a bus crashed into a truck and then caught fire in southeastern Brazil, officials said, adding that the death toll is likely to rise.
مزید پڑھ »
Apple reduces prices of iPhone 16 series in PakistanApple has made a significant price reduction for the iPhone 16 series in Pakistan, slashing prices between Rs4,000 and Rs14,000
مزید پڑھ »
New Gwadar International Airport likely to be operational from January 1New Gwadar International Airport is likely to be operational from January 1, sources said on Monday. The sources said the Pakistan International Airline (PIA) planned flight operations for the New Gwadar International Airport, with ATR and Airbus 320 aircraft to be operated.
مزید پڑھ »
Homelessness in US reaches unprecedented level in 2024: ReportThe number of people in the United States experiencing homelessness reached a new record this year, with lingering inflation and high housing prices among likely drivers, a government report said Friday.
مزید پڑھ »
PIA Ticket Prices Likely to Drop Following FED WaiverPakistan International Airlines (PIA) is gearing up to make international travel more affordable. Ticket prices
مزید پڑھ »