Petrol Price Hike was expected

Momina

13 Apr 2022

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Petrol Price Hike was expected

The petroleum products are expected to have a price hike n coming days. The petroleum division has forwarded a suggestion for an increase in petrol prices.

According to sources:

“Under these suggestions, the petrol price may increase by Rs. 27 per liter,” and source further said that the prices of diesel may by increased by Rs. 35/liter

This is going to be as big shock and alarming if the news comes true regarding the price hike in the petroleum products.

Petrol Price Hike Was Expected

During the period of PTI, govt, the ex PM Imran Khan announced to reduce the petrol prices by Rs. 10 liters and announced that his government would not increase prices till the next fiscal budget. And the government has kept the prices the same since the start of March, despite a rise in the international market. And it surely impacts the government economically.

Finance Division said that the government bore the additional burden of Rs. 33 billion for the fortnight (1-15 April 2022) to keep the prices at the current level On April 1st,. As per the former government, it decided to take the burden to give relief to the masses, which were already hit by very high inflation.

Now, the new government need to initiate strict decisions and will increase the prices because it is not easy to face the loss of billions of rupees.

Current Prices

The current petrol price is Rs. 149.86, High-Speed Diesel (HSD) stands at Rs. 144.15, while Kerosene Oil (SKO) costs Rs. 125.56, and Light Diesel Oil (LDO) price is Rs. 118.31.

Stay tuned with Gari.PK for more updates, news and articles from local and international auto sector. You can also check the motorbike prices in Pakistan and Car Prices Pakistan for all used cars and new cars in the market.

Petrol price hike Petrol price Petrol petrol price hike was expected

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