Tuesday, December 5, 2023

Petrol prices could Rise by Rs 5 per liter

Prices of petrol and gasoline are expected to rise by more than Rs5 per liter starting on January 16 and continuing for the next fortnight.

The Petroleum Division has received a summary of a price increase for petroleum products.

Prices of petrol and high-speed diesel (HSD) are expected to rise by Rs5.15 per liter and Rs5.65 per liter, respectively, in the coming months. The price of light-speed diesel (LSD) is set to rise by Rs4 per liter, according to a proposal.

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According to the sources, the proposed increase in the price of petroleum goods has been calculated in light of the rising price of oil around the world. After receiving clearance from Prime Minister Imran Khan, the Ministry of Finance will release the new petroleum product prices later in the day today.

In a move that took effect on December 31, the federal government increased the price of gasoline, diesel, and other items by up to Rs4.15 a liter.

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The federal government announced an increase in the price of petrol by Rs4 per liter, an increase in the price of high-speed diesel (HSD) by Rs4, an increase in the price of kerosene oil by Rs3.95 per liter, and an increase in the price of light diesel oil by Rs4.15 per liter.

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