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Commodities

Pakistan Hikes Petrol Prices Amid Global Oil Market Volatility

Guavy AI Editorial Team
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Oil
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The government of Pakistan has increased the prices of petrol and high-speed diesel (HSD) for September 8. According to a notification issued by the Petroleum Division, the price of petrol is now fixed at Rs358.77 per litre, while HSD will cost Rs381.77 per litre.

This latest revision comes after the government decreased the price of petrol by Rs3.13, while increasing the price of HSD by Rs3.74 per litre from September 5 to September 7.

The new pricing mechanism was introduced on July 17, under which petroleum product prices would be reviewed and notified on a daily basis due to renewed tensions between the US and Iran driving volatility in global oil markets.

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