ISLAMABAD: The government is likely to increase the price of petrol by another Rs1.74 per litre to bring it in line with global oil prices, DawnNews report.
Only on September 17, the government had increased the price of petrol by Rs6.82, raising it to Rs106.72 per litre.
Meanwhile CNG prices are also expected to be increased by Rs1.55 per kg. The new petrol and CNG prices are expected to be announced on September 24.
The price of petrol has seen an increase globally and the government is likely to use this excuse to justify the upcoming increase. This is the first time in the country’s history that the price of petrol would see an increase of Rs8 in a span of fifteen days.
Oil marketing companies have already sent a summary regarding the expected price increase to the government.
Meanwhile, the prices of other petroleum products are expected to be decreased as follows: hi-octane by Rs4.14 per litre, Hi-speed diesel by 19 paisa per litre, light diesel by Rs3.83 per litre and kerosene by Rs1.74 per litre.