Effective from March 1st, 2024, the Oil and Gas Regulatory Authority (OGRA) of Pakistan has announced a notable increase in fuel prices across the country. According to the latest notification, the price of petrol has surged by Rs. 4.13, reaching a new high.

However, in a slight relief for consumers, the price of diesel remains unchanged during this period.

Also Read: Challenges and Mitigation Strategies for Inflation in Pakistan’s Economy

This hike in petrol prices comes amidst global fluctuations in oil prices and regional economic factors. The increase in fuel rates is expected to impact various sectors of the economy, including transportation and daily commuting expenses for citizens.

With these adjustments, consumers are advised to plan their budgets accordingly and anticipate potential changes in their expenditures. Further updates on fuel prices are anticipated in the coming weeks as the situation continues to evolve.