Consequently, the price of petrol has risen from Rs 266.17 to Rs 321.17 per litre, while high-speed diesel has increased from Rs 280 to Rs 335 per litre. Possibility of Oil Prices Falling AgainIn Pakistan’s case, the government has also increased the Petroleum Development Levy. However, the levy on diesel has been reduced from Rs 76.21 to Rs 55 per litre. The petroleum minister said the decision was necessary due to rapidly changing international market conditions. He added that petroleum prices will now be reviewed weekly, and prices may be reduced if the situation improves.

Source: News 24 March 07, 2026 03:49 UTC