Petroleum prices could increase by Rs4/ltr for the next fortnight

Government agrees to hike Petroleum dealers margin

ISLAMABAD: According to the media reports, the petroleum prices (petrol and high speed diesel (HSD)) are expected to surge in the country by Rs4 per litre due to international market price correction, rise in import premiums and the fluctuating exchange rate.

According to a news report by Dawn, the Pakistan State Oil (PSO) incurred high import premiums on petrol after the prices of petrol and HSD increased by 10-50 cents per barrel in the international market.

Resultantly, the prices of petrol are expected to rise further by Rs3-4/litre and the HSD by Rs1-1.5/litre. However, the price of kerosene and light diesel are expected to remain unchanged.

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