In a welcome development for Pakistan’s inflation-weary citizens, petrol prices are anticipated to decrease in the first half of March 2024. Sources familiar with the matter have hinted at a substantial drop in both petrol and diesel prices.
This news comes as a relief amidst the ongoing challenges posed by inflation. The decrease is attributed to the downward trend in global oil prices, offering respite to consumers across Pakistan. The expected reduction, estimated to be around Rs 7-10 per litre, is a result of both international oil price fluctuations and the anticipation of a new government formation.
With the possibility of lower prices for all petroleum products, including high-speed diesel (HSD), consumers can anticipate a lighter burden on their wallets starting from March 1st. The final decision on these adjustments is slated to be made on the night of February 29.
This move signals a promising start for the first half of March 2024, as citizens eagerly await relief from the strain of high fuel prices.
