KARACHI – Petrol price is estimated to touch around Rs300 from April 16 in wake of changes in global prices and federal government’s plan to increase levy.

Sources familiar with the development revealed that petrol rate will be increased by around Rs8 per liter.

For the next two weeks, the petrol rate will hit around Rs298 per liter, up from current Rs289.40 per liter. Diesel price is also expected to increase by around Rs2 per liter to about Rs284.24 per liter from the previous rate of Rs282.

Unofficial reports further claimed Pakistani government is considering to raise the petroleum levy from Rs60 to Rs100 per liter, with the current levy already at the maximum limit of Rs60 per liter.

This could result in record-high petrol prices in Pakistan, and government will announce new rates on April 15 depending on the final exchange rate calculation.

Petrol price in Pakistan likely to increase from April 16

QOSHE - Petrol Price in Pakistan – Expected petrol rate from April 16 - Shazia Idrees
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Petrol Price in Pakistan – Expected petrol rate from April 16

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13.04.2024

KARACHI – Petrol price is estimated to touch around Rs300 from April 16 in wake of changes in global prices and federal government’s plan to increase levy.

Sources familiar with the development revealed that petrol........

© Pakistan Observer

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