The Federal Government of Pakistan is reportedly ready to increase the prices of petrol by up to Rs.5 per liter in July.
As per received details, the current prices are being revised due to the devaluation of the Rupee against the Dollar as well as a hike in crude oil prices in the international markets.
An industry expert shared that there is a high probability that the government might not increase the price of oil as it is aiming to provide relief to the public.
The final decision of whether or not the price will increase for sure will be taken on 30th June. As of now, the current price of petrol is Rs. 112.68/L, high-speed diesel is at Rs. 126.82/L, Kerosene oil at Rs. 98.64, and light-speed diesel is priced at Rs. 88.62/L.
On the other hand, like a butterfly effect of the increase of the Dollar’s value, car manufacturers like Honda, Al-Haj FAW, Suzuki and others have increased the prices for their vehicles up to PKR 7 lakh!
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