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ISLAMABAD: It is anticipated that starting on April 1, 2024, the price of Petrol will increase while the price of diesel would somewhat decrease.
According to a recent report published in a national daily, the main cause of the upcoming increase in petrol prices is a significant decrease in production by Mogas, an American petroleum company.
Due to the American government’s decision to increase motor spirit imports in response to the output decline, prices have increased globally.
However, there has been a decline in the worldwide market demand for high-speed diesel in tandem with an excess of supply. It is anticipated that this comparison will cause the price of fuel to drop by about Rs 1.30.
Speaking on the condition of anonymity, government representatives and business insiders have predicted that between April 1 and April 15, gas prices could rise from the current Rs 279.75 to Rs 289.69.
Forecasts indicate that high-speed diesel will cost slightly less—that is, Rs 284.26 instead of Rs 285.49. Furthermore, there is expected to be a slight increase in the price of light diesel by 0.45 paisa, making it Rs 168.63.
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