PkRevenue.com — The Government of Pakistan has updated petroleum prices effective from today, June 10, 2024, which will remain applicable until June 15, 2024.
The new rates set for petrol and High-Speed Diesel (HSD) reflect slight adjustments from the previous pricing revision.
According to the latest announcement, the price of petrol is now Rs 268.36 per liter, while High-Speed Diesel (HSD) is priced at Rs 270.22 per liter. These prices follow the most recent revision that took place on May 31, 2024, and will continue until the mid-month review.
In the previous update on May 31, 2024, the Pakistani government reduced petroleum prices, offering some relief to consumers. The price of petrol was decreased by Rs 4.74 per liter, dropping from Rs 273.10 to the current Rs 268.36. Similarly, the price of HSD saw a reduction of Rs 3.86 per liter, lowering it from Rs 274.08 to Rs 270.22. These adjustments were implemented from June 1, 2024.
The periodic review and adjustment of petroleum prices are crucial for managing the country’s economic stability and responding to global oil market fluctuations. The changes are part of the government’s broader strategy to balance consumer interests and fiscal requirements.
The next scheduled review of petroleum prices is set for June 15, 2024. Stakeholders, including consumers and industry players, are keenly anticipating this update, which will provide further clarity on fuel costs heading into the latter part of the month.
This ongoing adjustment of fuel prices is indicative of Pakistan’s responsive approach to international oil price trends and domestic economic conditions. It highlights the government’s efforts to mitigate the impact of global price shifts on the local economy and to manage inflationary pressures.
As the date for the next review approaches, all eyes will be on the government to see how it navigates the complex dynamics of the international oil market and domestic economic priorities to set petroleum prices that best serve the nation’s interests.
