Next month, petroleum products are likely to increase at Rs 10 per liter, the final decision will be after the approval of the Ministry of Finance.
Petroleum prices have been developed on the eid, the next month, the prices of petroleum products increased by Rs 10 per liter, the final decision will be after the approval of the Ministry of Finance, the dollar and the oil prices in the global market. Petrol exports increase due to rising According to details, a private TV channel report has reported that prices of petroleum products are likely to rise from 1st June, next month.
According to the report, the rise in crude oil prices in the country’s high influx and global market has increased in the prices of petroleum products in Pakistan.
The report states that the prices of petroleum products are likely to increase at Rs 9.9 per liter. In the case of the increase, the new price per liter petrol will be Rs. 118.
While the price of light speed diesel is expected to increase by Rs 7 per kg to Rs 85 per liter. However, the price of kerosene oil is expected to increase by Rs 12. In this regard, the OGRA has been prepared properly. OGRA will send the petroleum products to the Ministry of Finance on May 30, on May 30. The Finance Ministry will consult the Prime Minister after receiving the summary.
The final decision will be taken to increase prices or not after the approval of Prime Minister Imran Khan. It is clear that during the few days in Pakistan, the dollar has increased a lot of rupees. The dollar’s price in Pakistan’s currency market has reached 152 rupees. Due to the increase in dollar value, prices of foreign goods from overseas have increased and further growth is expected.
The federal government does a large part of the existing deposits of the deposits only on the purchase of petroleum products. Since the price of the dollar has increased, the government has no other option besides increasing the prices of petroleum products. However, a further increase in prices of petroleum products will further increase the storm of country-run inflation.