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Monday, August 14, 2023

Petrol prices likely to see Rs15 per litre hike in next fortnightly review

 Monday, August 14, 2023


Cost of diesel expected to ascend by Rs20 per liter.
Expected climb is consequence of expansion in ware in worldwide market.
Cost of raw petroleum expanded by $5 per barrel from $86 to $91.


After the overseer government is set to declare new costs tomorrow (August 15), oil based goods are probably going to turn out to be more costly from August 16, as indicated by Day to day Jang.


The distribution revealed that the cost of petroleum is probably going to increment by Rs15 per liter, while the cost of diesel will increment by Rs20 per liter.


Purportedly, the normal climb is a consequence of an expansion in the ware in the worldwide market.


Jang revealed that the cost of raw petroleum had expanded by $5 per barrel from $86 to $91 per barrel because of the expansion in the costs of oil based commodities in the worldwide market. What's more, there is a different premium charge on unrefined petroleum of $2 per barrel.


Then again, the cost of diesel and petroleum in the worldwide market has additionally expanded by $5 from $97 per barrel to $102 per barrel.

Assuming this cost continues as before, as per the ongoing rate, petroleum in Pakistan will probably become costly by Rs15 per liter and diesel by Rs20 per liter.


The active government — during the last fortnightly survey — had reported a monstrous Rs19 per liter expansion in the cost of petroleum and diesel, which it said was finished in accordance with the Global Money related Asset's (IMF) requests.


Product Current costs

Petrol Rs272.95

Diesel Rs273.40

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