Announcement of Increase in Petroleum Product Prices, Notification Issued

ISLAMABAD (Daily Qudrat): OGRA has announced an increase in the prices of petroleum products. According to the notification issued by the Petroleum Division, the price of petrol has been increased by Rs1.85 per litre, while diesel has been increased by Rs1.75 per litre.

The new price of petrol has been fixed at Rs377.91 and the price of high-speed diesel at Rs399.82.

The new prices will take effect from 12 midnight tonight.

On the other hand, an increase in crude oil prices was recorded in the international market, after which the price of Brent crude exceeded $115 per barrel. During Wednesday’s international trading, the price of Brent crude futures rose by $1.48, or 1.3 percent, reaching $115.36 per barrel.

Similarly, an increase was also seen in the rates of US crude West Texas Intermediate. Its price rose by $1.22, or 1.22 percent, to $101.12 per barrel.

The rise in crude oil prices has increased focus on the price trend in the global energy market.