- विज्ञापन -
Islamabad : Even as the cash-strapped economy of Pakistan has taken a massive toll on the lives of its citizens, adding up to their struggles, miseries and sufferings with consistent rise in inflation, now the government is gearing up to announce another major increase in petrol prices.
With Eid-ul-Fitr only ten days away, the government has received a summary of increasing the price of petrol by at least Rs 10-11 per litre for the next fortnight.
Government sources maintain that the increase in fuel price will be announced on Sunday. The hike is due to the higher import premium and global prices, the government sources said.
“Petrol prices are likely to go up. But price of another key fuel, high-speed diesel (HSD) is likely to drop by up to Rs 2 per litre,” said a government source.
“Import price of petrol has increased by about $4 per barrel, and its import premium has further gone up to $13.5 per barrel from $12.5 a fortnight ago because of the geopolitical situation. Therefore, the price of petrol is estimated to rise up by Rs.10-11 per litre, depending on the final exchange rate calculation,” said Khaleeq Kiani, an economic expert.
The latest expected increase will take petrol price to more than Rs 290 per litre.
