Business
Price of petroleum products likely to hike by Rs20 per liter again
The price of crude oil increased by $5 per barrel to settle at $91.
Lahore: The prices of petroleum products in Pakistan are likely to increase again, reportedly.
According to media reports, due to the increase in the prices of petroleum products in the global market, it is likely that rates will hike in Pakistan also from August 15 by Rs15 for petrol and Rs20 will be increased for diesel.
The price of crude oil increased by $5 per barrel to settle at $91 from $86 per barrel due to the increase in the prices of petroleum products in the global market and the premium charges on crude oil are different by $2 per barrel.
On the other hand, the price of diesel and petrol in the global market has also increased by $5 from $97 per barrel to $102 per barrel.
If this price remains the same, according to the current rate, petrol in Pakistan is likely to become expensive by Rs15 per liter and diesel by Rs20 per liter.
Earlier on August 01, the government of Pakistan hiked the price of petrol and diesel by Rs20 almost. Following the new rates, petrol is being sold for Rs272.95, whereas the current rate of diesel is Rs273.40.
-
Business 1 day ago
US bans new types of goods from China over allegations of forced labor
-
Pakistan 1 day ago
PTI protest: Roads blocked, cellular services restricted in various cities
-
Pakistan 2 days ago
PTI vows to stage protest at D-Chowk on Oct 04
-
World 2 days ago
US refutes to support Israeli strikes on Iran's nuclear installations
-
Pakistan 2 days ago
Dr Zakir Naik walks away from stage during an event in capital
-
Pakistan 1 day ago
Holiday announced amid PTI’s protest
-
Pakistan 1 day ago
Punjab govt imposes section 144 in different cities to control PTI protest
-
Pakistan 1 day ago
PTI flexes muscles for Islamabad protest gathering