Pakistan raises petrol and diesel prices

Change
Pakistan increased petrol by 42.7% to PKR 458.41 per litre and high-speed diesel by 55% to PKR 520.35 per litre with immediate effect, raised the petrol petroleum levy to PKR 160 per litre and set the diesel petroleum levy to zero.
Pakistan raises petrol and diesel prices
Why it matters
The price moves strip broad subsidy protection and force most households and commercial users to absorb global oil-price rises immediately. That constraint narrows short-term options for operators to defer fuel purchases or maintain existing service levels without repricing or finding extra liquidity.
Implications
  • Fleet managers at intercity bus and goods transport companies must renegotiate freight contracts or raise fares immediately to cover the 55% rise in high-speed diesel costs or face materially reduced operating margins.
  • Corporate procurement and treasury teams at manufacturing and agricultural firms must reforecast fuel budgets and secure additional short-term liquidity this month to pay higher petrol and diesel bills or risk cash-flow stress.

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Source

The Hindu

Topics

Policy & Regulation Oil & Gas

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