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Govt ‘surprises’ consumers with hike in petrol and diesel rates

20 1
01.11.2024
Experts were hoping that the prices of petroleum products would go down, but the government increased the rates to offset inventory losses incurred by oil companies after the last price revision on October 15.—Dawn/file

ISLAMABAD: Despite a decline in the international market, the government has increased the prices of petrol and high-speed diesel (HSD) for the next fortnight.

The move came as a surprise as experts were hoping for a reduction in the prices of petroleum products.

According to an official announcement on Thursday, the price of petrol will go up by Rs1.35 and that of diesel by Rs3.85 per litre.

Until November 15, the ex-depot petrol price will be Rs248.38 per litre, up from Rs247.03, and diesel Rs255.14 per litre, up from Rs251.29.

Fuels get costlier by Rs1.35, Rs3.85,........

© Dawn Business


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