Govt Increase petrol and Diesel Price

The government is likely to announce a notification to increase petrol and diesel prices this week.International United Nations Due to the fall and rise in oil prices, the prices of MS petrol and high-speed diesel are expected to increase.

New petrol Price:

 The federal government is likely to increase the prices of petrol and diesel by about two rupees to three rupees per liter and from December 1, 2024, it is likely to increase by 2.9 rupees per liter. It is noteworthy that during the review, the Pakistani rupee remained at the level of 277 to 278. Keeping all these conditions in mind, it is expected that the price of HSD is ready to increase to Rs. 258 to 259 per liter.

MS rates are expected to gain strength in Pakistan. The second is Rs. 1 to 252 per liter. In the last 15 days, the government has increased the prices of both petrol and HSD.It is expected that the prices of kerosene and light diesel oil will not be increased.

OGRA Decision

 The Oil and Gas Regulatory Authority (OGRA) will submit its final recommendations to me on November 30. The Ministry of Finance will consult the Prime Minister before finalizing the prices. After that, the notification of NRCO will be issued after the Prime Minister’s approval. In Islamabad, the Oil and Gas Regulatory Authority (OGRA) has also increased the prices of petrol and diesel by about two to three rupees 87 paise per liter with a margin. According to informed sources in OGRA, the price of petrol will be increased by one rupee 87 paise per liter and will not be increased more than this, from 248 to 251 rupees per liter, while the price of high-speed diesel will be increased from 255 14 rupees.The source said that this proposal includes a slight reduction of Rs 4 per liter in the price of kerosene and diesel. 

Final Decision price of Petrol

The final decision will be made on November 30 as to how much the price of oil will increase and what the new price of the bull will be. The budget and recommendations will be made accordingly and the prices will not be implemented accordingly. Experts have done an important job behind the increase in the price of pulses in the oil markets. It is hoped that the price of oil will be increased by not much.