Pakistan increases petrol price by Rs4 per liter

The Pakistani government announced a hike in the price of petrol by Rs4 per liter for the next 15 days, as revealed on Thursday.

According to a notification from the Finance Division, the new price of petrol stands at Rs279.75 per liter, effective until March 15.

Meanwhile, the government has opted to maintain the price of high-speed diesel at Rs287.33 per liter.

The decision to revise the prices was taken "on the recommendation of the Oil & Gas Regulatory Authority (OGRA)," as mentioned in the notification.

Pakistan regularly adjusts its petroleum prices every fortnight to align with global trends, and the updated petrol price has already been implemented.

This latest increase marks the third consecutive rise in petroleum prices under the caretaker government. It is expected to be the final adjustment before the new elected prime minister takes office later this week.