Industry insiders say that the cost of petrol is about to go up by almost 10 Pakistani Rupees (PKR) per liter. This is because the prices of crude oil internationally have gone up.
ISLAMABAD:Get ready for some news about petrol prices in Pakistan! According to a report from Geo News on Saturday, there might be another increase in petrol prices soon.
Industry officials are saying that the price of petrol could go up by about 10 Pakistani Rupees (PKR) per litre. This increase is because the prices of crude oil in the international market have gone up.
So, in the next review that happens every two weeks, the price of petrol could jump to around PKR 289.69 per litre. Right now, it’s at about PKR 279.75 per litre.
So, if you’re someone who uses petrol for your vehicle, you might need to budget a bit more for it soon. Keep an eye out for the latest updates on petrol prices.
Here’s the scoop: the price of petrol in Pakistan is expected to go up again, while the price of high-speed diesel (HSD) might actually drop a bit. According to Geo News, the price of HSD could decrease by PKR 1.30 per litre, bringing it down to PKR 284.26 from the current price of PKR 285.86 per litre.
As for kerosene, its price might see a slight dip of PKR 0.17 per litre, making it PKR 188.49 per litre instead of the current PKR 188.66 per litre. On the other hand, the price of light diesel oil (LDO) is expected to go up by PKR 0.45 per litre, reaching PKR 168.63 from PKR 168.18 per litre.
An official explained that the local petrol price hike is because the international market prices for petrol have gone up recently. .
Conversely, the drop in HSD price globally means a decrease in its price in Pakistan too. Around the world, the cost of High Speed Diesel (HSD) dropped to $98 per barrel in the past few weeks. This is down from $99 per barrel during the first 15 of March.