Petrol price expected to hit all-time high of Rs150 per litre in Pakistan: sources

Petrol value anticipated to hit all-time excessive of Rs150 per litre in Pakistan: sources

The ultimate announcement in regards to the POL costs could be made after approval from PM Imran Khan. -APP

KARACHI: For the primary time within the historical past of the nation, petrol value is anticipated to hit Rs150 per litre amid hovering costs of crude oil within the worldwide market, stated sources in oil advertising and marketing firms.

The sources stated that the federal government is anticipated to hike costs of petroleum merchandise by Rs6 per litre from January 16. The authorities are more likely to enhance the costs of petrol by Rs5 and diesel by Rs 6 per litre, the sources added.

A closing choice, nevertheless, could be introduced by the ministry of finance after consultations with the prime minister.

Rs4 hike in petrol value

On the eve of the brand new 12 months, the federal authorities had introduced one more hike within the costs of petroleum merchandise.

In response to a notification issued by the Finance Division, the value of petrol and high-speed diesel(HSD) had been elevated by Rs4 per litre for the primary 15 days of January 2022.

The rise had been introduced to satisfy the petroleum levy goal agreed with the Worldwide Financial Fund (IMF).

As per the notification, the value of kerosene had been elevated by Rs3.95, and light-weight diesel oil (LDO) by Rs4.15 per litre.

After the rise, the value of petrol went up from the earlier Rs140.82 per litre to Rs144.82 per litre, whereas the value of excessive pace diesel jumped to Rs141.62 per litre from the earlier Rs137.62 per litre.

The speed of sunshine diesel oil went as much as Rs111.06 per litre from Rs107.06 per litre. Equally, the value of kerosene went up from Rs109.53 to Rs113.53 per litre.

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