Petrol price shock: Government raises petrol price...

Summary

• Under the revised petroleum prices, the price of petrol has been increased by Rs0.88 per litre, while the price of diesel has been reduced by Rs1.88 per litre.
• The revised prices will be applicable from midnight, meaning consumers will begin purchasing petrol and diesel at the new rates after the implementation time.
• The government’s latest notification has therefore introduced a marginal increase in petrol prices alongside a comparatively larger reduction in diesel prices.

AI Generated Summary

ISLAMABAD:  The federal government has increased the price of petrol while reducing the price of high-speed diesel for the new pricing period, according to a notification issued on Monday.

Under the revised petroleum prices, the price of petrol has been increased by Rs0.88 per litre, while the price of diesel has been reduced by Rs1.88 per litre.

Following the adjustment, the new price of petrol has been fixed at Rs393.64 per litre. The price of diesel, meanwhile, has been reduced to Rs397.76 per litre.

The revised prices have been set for October 6 and will come into effect from midnight on Monday night.

The latest adjustment will directly affect consumers, particularly motorists, transport operators and businesses that rely heavily on petroleum products for daily operations. Changes in fuel prices can also influence transportation costs and the prices of goods and services across different sectors.