As of February 1, 2024, the new prices for gasoline and diesel in Pakistan are 272.89 and 278.86, respectively. While the price of high-speed diesel has remained the same, the Pakistani government has cut the price of gasoline by eight rupees. The price of gasoline won’t change until February 16, 2024. Fuel prices are predicted to fluctuate over the first half of February 2024, according to reports. Prices for kerosene and gasoline are expected to drop by eight rupees a liter. However, over the same time frame, it is anticipated that the price of diesel and light diesel will rise by Rs1.50-Rs2 per liter. The papers have referred to these changes in fuel costs.
The current price of gasoline is Rs. 272.89 per liter, while the price of diesel is Rs. 283.21 per liter if the government can sanction a 7-rupee rise per liter for both commodities. Experts have cited recent Middle Eastern events as the reason why oil prices have increased, including the Houthi rebels’ attacks on ships in the Red Sea.
It has become apparent that there may be cheaper pricing for petroleum products starting on February 1, 2024, as a result of the ongoing reduction in both the price of crude oil on the global market and the value of the dollar.
Pakistan’s New Fuel Prices as of February 1, 2024
As of February 1, 2024, the new price of gasoline in Pakistan is 272.89. There will likely be a big announcement on gas prices for 2024 at the nation’s next biweekly review. Many of the nation’s inflation-affected citizens are looking forward to lower gas and diesel costs, particularly since the price of gas has been steadily rising for some time—above Rs. 260 a liter. The most recent data, however, suggests that a significant double-digit drop in gas prices is unlikely to occur during the next review.
Latest Petrol Prices in Pakistan 1st February 2024
|
Fuel Type |
Price (Rs./liter) |
Change |
Effective Date |
|
Gasoline |
272.89 |
-8 |
February 1, 2024 |
|
Diesel |
278.86 |
No change |
February 1, 2024 |
|
Kerosene |
Expected drop by 8 |
The first half of February 2024 |
|
|
Light Diesel |
Expected rise by Rs1.50-Rs2 |
First half of February 2024 |