According to the news agency, nationwide petrol prices will probably increase by Rs. 20 per liter as a result of market dynamics on the international level.
The specifics state that the increase in the global price of petroleum products is what caused the increase in crude oil cost from $86 to $91 per barrel. A separate premium fee of $2 per barrel has also been added to the price of crude oil.
The cost of petrol and diesel per liter has already increased from $97 to $102, indicating an upward trend.
Increase in Petrol and Diesel Prices
If current prices continue, the price of gasoline might rise by up to Rs. 15 per liter while the price of diesel could rise by up to Rs. 20 per liter nationwide.
By significantly raising energy and gas costs, the Pakistan Democratic Movement (PDM) alliance has placed an unprecedented hardship on customers. Over Rs. 1.8 trillion in additional costs have been placed on consumers as a result of this decision.
The previous administration dramatically increased the cost of petroleum goods during its rule; the price of gasoline reached a high of Rs. 129.25 per liter, while the basic electricity tariff increased by up to Rs. 15.41 per unit. In a similar vein, gas prices increased by up to 112%, reaching all-time highs.
Last year, power users were subject to a separate, supplementary surcharge of Rs. 3.39 per unit. More than 310 billion rupees worth of additional strain was placed on gas consumers.
To read our blog on “Petrol prices may increase more after August 15,” click here.
