ISLAMABAD: Federal govt overdue Wednesday night time larger the price of petrol by Rs5 in keeping with litre to Rs272 in keeping with litre for the following fortnight.
“In the last fortnight, Platts Singapore prices registered an increase. This along with a depreciation of Pak Rupee has resulted in an increase of POL (petroleum, oil and lubricant) products in Pakistan,” a press unencumber issued by the Finance Division.
The elevate in oil costs come as an enormous marvel as oil costs within the global marketplace have plunged 5 % to their lowest in additional than a 12 months as unease over Credit Suisse spooked international markets and offset hopes of a Chinese oil call for restoration.
Early indicators of a go back to calm and steadiness light after Credit Suisse’s greatest investor stated it will no longer give you the Swiss financial institution with extra monetary help, sending its stocks and different European equities sliding.
The new costs can be efficient from these days, March 16. The press unencumber added that the price of high-speed diesel was once additionally larger by Rs13 in keeping with litre to Rs293 in keeping with litre and kerosene by Rs2.56 in keeping with litre to Rs190.29 in keeping with litre “by reducing government dues on it”.
“Price of light diesel oil has been kept constant (Rs184.68 per litre) by adjusting government dues as well,” the click unencumber added.
On February 28, Finance Minister Ishaq Dar had introduced a aid within the price of petrol by Rs5 in keeping with litre.
