Petrol Prices Expected to Rise by Rs 3 to Rs 5 per Litre From January 16
Petrol prices in Pakistan are probably to go up by 3 to 5 rupees per liter from January 16, with the current retail price of Rs 252.66 per liter. It has been reported that petrol is likely to cost Rs 3.50 more per litre while the cost of diesel is likely to increase by Rs 3.70 per litre. Light diesel oil may see an increment by Rs 5, and there will be an increment more than Rs 6 per liter in kerosene.
Check: Petrol Price in Pakistan Today
The projected increase in price results from the current global rise in oil prices, as it has been reflected in local fuel prices. Oil and Gas Regulatory Authority (OGRA) will execute the level of price adjustment based on regular bi-weekly review incorporating the variation in international level of oil prices and exchange rate changes.
This trend in fuel prices will have the effect of raising transportation costs, entailing a national increase in the price of goods and services in general. Commuters and businesses are recommended to be ready for the upcoming price adjustments. The government is predicted to issue an official announcement soon.
