Pakistan’s caretaker government rings in the new year with a quiet fuel station, opting to maintain current petrol and diesel prices for the first fortnight of January 2024. Petrol pumps will continue dispensing at Rs. 267.34 per liter, while high-speed diesel clocks in at Rs. 276.21 per liter.
This stability follows a December review that saw a welcome Rs. 14 per liter reduction in petrol prices and Rs. 13.50 per liter for diesel. While drivers won’t see further immediate relief, maintaining the current rates offers predictability and a breather from volatile global fuel markets.
The decision comes amidst a complex economic landscape, with inflationary pressures and fluctuating crude oil prices. Balancing budgetary concerns with public needs, the government’s move offers a measured approach to fuel pricing, paving the way for further adjustments based on future market dynamics.
So, while there might not be celebratory fireworks at the pump this New Year, Pakistani drivers can cruise into 2024 with a steady grip on fuel costs. Read this Punjab Police Jobs 2023 Join as Intelligence Operator