Effective February 1, 2024, the interim government raised the price of fuel by Rs 13.55 per litre.
A notice sent on Wednesday states that the cost of gasoline has increased by Rs 13.55 per litre to Rs 272.89 per litre. In addition, the price of fuel has increased by Rs 2.75 per litre, to Rs 278.96. On the other hand, kerosene has become somewhat less expensive per liter—by 24 paisa.
Following a 2.3 rupee hike per litre, the current price of light diesel oil is Rs 166.86.
The Oil and Gas Regulatory Authority (OGRA) had already declared a rise in LPG costs. The price of LPG has increased by Rs 17 to Rs 257.60 per kilogramme, according to the latest notice from OGRA.
After the modification, a household LPG cylinder would now cost Rs 3,400. The month of February 2024 will see the implementation of these updated rates.
Amidst shifting global oil prices and economic factors, pricing modifications have been agreed. Both companies and consumers are preparing for the effects of these hikes, which are anticipated to have an impact on everyday spending and transportation costs.
To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.
Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.
The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.
Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.
Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.
He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.
The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.
Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.
25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.
Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.
Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.
Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.
A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.
In the GHQ attack, there were 119 accused in total.