Pakistan Petroleum products
Prices of petroleum products in Pakistan may go up by Rs. 10 per litre from tomorrow
Islamabad: Prices of key petroleum products in Pakistan may increase by Rs. 10 per litre on Monday for the next fortnight, media reports said on Sunday.
This spike could be caused due to higher international oil prices.
The benchmark crude price has increased from $95 per barrel to $99 in the international market over the past fortnight of import orders placed by oil marketing companies while the exchange rate has slightly depreciated, reports Dawn News.
Informed sources told the Pakistani newspaper that based on the existing tax rates, import parity price and exchange rate, the prices of petrol (motor gasoline) and high-speed diesel (HSD) had been worked out to go up by about Rs5.60 and Rs4.50 per litre, respectively. Likewise, the prices of kerosene and light diesel oil (LDO) have been estimated to go up by about Rs4 and Rs3.70 per litre, respectively.
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