Petrol and diesel prices in Pakistan are expected to rise by up to RS6.60 per year. Liters in the next 15 days after a continued upward trend in global crude oil prices, according to industry sources.
At the time of reporting, the proposed increase includes an RS6.60 per year. Per liter of gasoline and an RS5.27 per liter. Liter increase in high -speed diesel (HSD).
Conversely, the prices of parafine and light diesel can see reductions of RS3.74 and RS2.23 respectively. Liter.
Oil and Gas-Regulating Authority (OGRA) has completed its work based on the latest global market trends and a last summary will be submitted to the government tomorrow.
The oil industry has already shared its calculations with the regulator.
Sources confirmed that the final decision on price adjustments will be made after Prime Minister Shehbaz Sharif’s approval of Oly’s summary.
The proposed changes would come into force for the next two weeks as part of the government’s regular pricing mechanism for oil products.
Read: Fuel price increase is burning a hole in public pockets
On July 1, the federal government increased petrol and diesel prices significantly for the first fourteen days of the month and attributed to the hike to the global market volatility in the middle of the 12-day Iran-Israel conflict.
Gasoline increased by RS8.36 to RS266.79 per Liter and high -speed diesel with RS10.39 for RS272.98, based on OGRA’s recommendation.
Pakistan, which imports about 85% of its oil needs, was directly affected by the Middle East crisis.
