Petrol Price to be Hiked by Rs 10 in Pakistan

Citizens of cash-strapped Pakistan be given a fresh burden of inflated petrol rates by the new government, reported Geo News.

According to sources, the price of petrol is poised to inflate by nearly 10 Pakistani Rupee (PKR) per litre due to a surge in international crude prices.

As per an estimate of the Pakistan oil industry, with this hike, the petrol price is likely to reach PKR 289.69 per litre in the next fortnightly review from the current PKR 279.75 per litre.

The price of high-speed diesel (HSD) is estimated to decrease by PKR 1.30 per litre to PKR 284.26 from the current price of PKR 285.86 per litre, Geo News reported.

The price of kerosene is expected to register a minor decline of PKR 0.17 per litre to PKR 188.49 per litre from the existing PKR 188.66 per litre. Similarly, the price of light diesel oil (LDO) is likely to increase by PKR 0.45 per litre to PKR 168.63 from the existing PKR 168.18 per litre.