- Petroleum Division notifies new prices.
- The price of petrol has been fixed at Rs 266.17 per litre.
- Diesel rose by Rs 5.16 to Rs 280.86 per litre.
The federal government has increased the price of petrol by Rs 8 per liter for the next fortnight, starting March 1.
In a notification, the Petroleum Division announced that the price of petrol had been increased to Rs 266.17 per liter, up from Rs 258.17.
Similarly, diesel price has increased by Rs 5.16 to Rs 280.86 per litre, compared to the previous rate of Rs 275.7.
Petrol is mainly used by travelers in small vehicles, rickshaws and two-wheelers. Higher fuel prices significantly impact the budgets of middle and lower middle class households, who rely on gasoline for their daily commutes.
On the other hand, a significant part of the transportation sector depends on high-speed diesel.
Its price is considered inflationary as it is predominantly used in heavy goods vehicles, trucks, buses, trains and agricultural machinery such as tractors, tube wells and threshers.
The consumption of high-speed diesel especially contributes to the increase in prices of vegetables and other foods.
