Possibility of Significant Increase in Petrol Prices

Islamabad: Petroleum product prices are likely to witness a substantial increase starting from July 16. According to sources, the price of petrol could rise by Rs. 7.67 per liter, high-speed diesel by Rs. 3.72 per liter, and kerosene by Rs. 2.73 per liter.
A proposal to increase petroleum prices has been prepared for approval, which will be presented to Prime Minister Shehbaz Sharif for final consent. Following consultations with the Prime Minister, the Ministry of Finance will announce the new prices tonight.
This potential hike comes amidst global fluctuations in oil prices, impacting domestic fuel costs. Stay tuned for updates on the government’s decision regarding this development.