Following vehicles, petrol prices have also been rising for a while in the face of aggravating economic fuss and a steep decline in Rupees values against the mighty dollar. Two weeks after observing a hike of Rs. 35 per litre in petrol price, the nation will likely face another crude shock.
Expected Hike in Diesel and Petrol Price
Media reports have revealed that the prices of petroleum products are likely to jack up by Rs. 32 per litre. This would take petrol and diesel prices to the new high of Rs. 282 and 295.64 per litre, respectively.
As per details, the incumbent government is also embarked on increasing the levy on diesel by Rs. 10 per litre, taking it from Rs. 40 to 50 per litre. Finance Minister Ishaq Dar has already announced the increase in levy percentage as per IMF conditions to inch up it by Rs. 50 per litre.
Moreover, Kerosene oil is anticipated to be increased by Rs. 28.05, taking it to the new price of Rs. 217.88 per litre. Meanwhile, light diesel could go up by Rs. 9.0, bringing the new price to Rs. 196.90.
If media reports are right, then it would be a record jump to bring the new petrol price to a historic high of Rs. 282 per litre.
Current Fuel Prices in Pakistan
Petrol PKR 249.80
High-Speed Diesel (HSD) PKR 262.80
Light Diesel Oil (LDO) PKR 187.00
Kerosene Oil PKR 189.83
What do you think about the anticipated hike in petrol prices in Pakistan? How would it affect you? Please share your thoughts in the comments section.
