Expect a major petrol price increase from April 1st

The federal government in Pakistan is contemplating a petrol price hike starting April 1, 2024, which could hit consumers hard. Reports suggest a potential increase of Rs9.50 per liter, pushing the new price to Rs289.25. Additionally, diesel prices may rise to Rs285.56, up by Rs0.86. Furthermore, discussions hint at raising the petroleum levy from Rs60 to Rs100, marking a notable adjustment compared to previous fiscal years.