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Petrol price in Pakistan likely to hit all-time high – New Delhi News

The sources mentioned that the federal government is anticipated to hike costs of petroleum merchandise by 6 PKR per litre from January 16, The News International reported.

The authorities are likely to improve the costs of petrol by 5 PKR and diesel by 6 PKR per litre, the sources added.

A last resolution, nevertheless, could be introduced by the ministry of finance after consultations with the Prime Minister.

On December 30, 2021, the federal government had introduced yet one more hike in the costs of petroleum merchandise.

According to a notification issued by the Finance Division, the price of petrol and high-speed diesel (HSD) had been elevated by 4 PKR per litre for the primary 15 days of January 2022.

The improve had been introduced to meet the petroleum levy goal agreed with the International Monetary Fund (IMF).

As per the notification, the price of kerosene had been elevated by 3.95 PKR, and lightweight diesel oil (LDO) by 4.15 PKR per litre.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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