Petroleum prices likely to increase by Rs15 per litre

Islamabad: The prices of petroleum products are likely to be increased by Rs15 per litre.

According to sources, petrol prices are expected to rise by Rs10 per litre, while diesel prices may increase by Rs14 per liter.

Furthermore, after consulting with the interim prime minister, the Ministry of Finance will officially approve raising petroleum product prices, which will take effect for the following 15 days.

Earlier¸ The caretaker government has increased the petrol price by Rs17.50 to Rs290.45 per litre while diesel price has been increased by Rs20 to Rs293.40 per litre.

The situation appears to be worsening for the already burdened population, who were already facing challenges in affording expensive petrol. Now, an additional financial strain is looming as they will be obligated to pay even higher prices.

The Finance Division, addressing the recent developments, explained that the escalation of petroleum prices in the international market over the past two weeks has necessitated a revision in consumer prices within Pakistan.

This decision has been made in response to the global market dynamics impacting local prices.