Islamabad: After the increase in petroleum product prices in the global market, petrol is likely to become expensive in Pakistan during the upcoming price determination.
According to media reports, the ex-refinery price of petrol may increase from Rs 270.3 paisa to Rs 274.77 paisa per liter. According to sources, the main reason for this increase is the increase in the free-on-board (FOB) price of petrol globally, which has increased from $ 139.03 to $ 143.01 per barrel.
The reports said that although a slight decrease was recorded in premiums and some other expenses, it was not possible to stop the increase in the overall cost. In addition, the abolition of the previous adjustment of Pakistan State Oil (PSO) has also put additional pressure on prices.
On the other hand, a limited increase in the price of high-speed diesel is expected. According to initial estimates, diesel may become expensive by about 20 paise per liter.
According to industry sources, despite the increase in diesel prices in the global market, the reduction in customs duty and some import costs have partially mitigated its impact at the local level.
The government is expected to announce the final prices in the next few days, after which the new prices will be implemented.
