Petrol Prices in Pakistan is facing another hike in beginning of February 1st. As global oil market trends continue to influence local costs. According to reports, diesel prices could rise by Rs. 6 per litre, while petrol prices could climb by Rs. 3 per litre.

The government has already raised the petroleum price twice in January, reflecting the persistent pressure from volatile global oil markets.

Globally crude oil prices had been below $80 per barrel since October 2024, they began to rise again in December. According to the recent data, British crude oil is trading at approximately $81.56 per barrel. While American crude has reached $79.65 per barrel.

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Petrol prices is already rising in Pakistan. Where import costs have increased, adding to an expected increase in domestic fuel prices. Consumers, who are already dealing with increased living expenses, will face further challenges as the cost of petroleum products climbs.

This predicted price increase is consistent with a trend of rising costs for imported petroleum products, with the country’s petroleum imports increasing by 1% between July and December 2024.

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Ongoing price adjustment is affected by the worldwide market. It is projected to have far-reaching implications for transportation, everyday commuting expenditures, and the broader economy.

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Petrol Prices Likely to Rise by Rs 8 to Rs 11 per Litre 

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Petrol Prices in Pakistan is facing another hike in beginning of February 1st. As global oil market trends continue to influence local costs.

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ADMIN

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WHATSHAPPENING.PK

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