Petrol prices likely to nudge up, diesel rates set for notable hike

By MG News | April 15, 2024 at 08:37 PM GMT+05:00

0:00

April 15, 2024 (MLN): Following the upward trend in the international market, the government is likely to hike the price of petrol by around Rs1.4 per litre and high-speed diesel (HSD) by Rs8.8 per litre for the remainder of April 2024.

Price estimates indicate the ex-refinery price of petroleum has risen to Rs209 compared to the previous fortnight's Rs207.6 per litre.

Meanwhile, the ex-refinery price of high-speed diesel (HSD) has risen to around Rs210.7.

It is important to note that the recent impact of the Middle East escalation is yet to materialise, which can further push up fuel prices in the coming months.

The government will announce the new prices at midnight today, and they will remain in effect for the rest of April.

To recall, in the last fortnight, the government increased the price of petrol by Rs9.66 to Rs289.41 per litre.

Conversely, the price of High-Speed Diesel (HSD) was slashed slightly by Rs3.32 to Rs282.24 per litre.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,825.00	107,860.00 107,555.00	-410.00 -0.38%
BRENT CRUDE	66.63	67.20 65.92	-0.17 -0.25%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.95	65.02 64.83	-0.16 -0.25%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%